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Pendding Home Sales Index| Real Estate |
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A pending home sale means a seller has accepted a buyer's offer, but the transaction is not yet finalized. The property is usually taken off the market, and a sale is highly likely unless an extraordinary situation occurs.. → Read More...
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 6. Pending Home Sales (1 of 10) 1. Housing Starts (2 of 10) 2. Building Permits (3 of 10) 3. Case Shiller Index (4 of 10) 4. New Home Sales (5 of 10) 5. Existing Home Sales (6 of 10) 7. Housing Market Index (7 of 10) 8. FHFA House Price Index (8 of 10) 9. MBA Purchase Applications (9 of 10) 10. Mortgae Rates 30-Year (10 of 10)
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Big Chart | Large Data |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Slides | Ten 10 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Release Schedule | 2026 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index (At 10:00 a.m ET)
| SCHEDULE 2026 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
3.3% |
-9.3% |
-0.8% |
1.8% |
1.5% |
... |
... |
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| Prior Revised |
5.7% |
-7.4% |
-1.0% |
2.5% |
1.7% |
... |
... |
... |
... |
... |
... |
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| CONSENSUS |
... |
2.5% |
-1.0% |
0.9% |
0.9% |
... |
... |
... |
... |
... |
... |
... |
| Consensus Low |
... |
0.2% |
-1.0% |
-0.5% |
0.5% |
... |
... |
... |
... |
... |
... |
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| Consensus High |
... |
6.5% |
0.2% |
1.0% |
1.6% |
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| PHSI M/M |
-9.3% |
-0.8% |
1.8% |
1.5% |
1.4% |
... |
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| Prior Index |
79.2 |
71.8 |
70.9 |
72.1 |
73.7 |
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| Prior Revised |
... |
71.5 |
70.8 |
72.6 |
73.8 |
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| PHSI M/M |
71.8 |
70.9 |
72.1 |
73.7 |
74.8 |
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| Rating |
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| Month For: |
Dec-25 |
Jan-26 |
Feb-26 |
Mar-26 |
Apr-26 |
May-26 |
Jun-26 |
Jul-26 |
Aug-26 |
Sep-26 |
Oct-26 |
Nov-26 |
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Release Schedule | 2025 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index (At 10:00 a.m ET)
| SCHEDULE 2025 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
2.2% |
-5.5% |
-4.6% |
2.0% |
6.1% |
-6.3% |
1.8% |
-0.8% |
-0.4% |
-0.4% |
0.0% |
1.9% |
| Prior Revised |
1.6% |
-4.1% |
... |
2.1% |
5.5% |
... |
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-0.3% |
4.2% |
... |
2.4% |
| CONSENSUS |
0.4% |
-1.2% |
2.9% |
1.0% |
-1.1% |
0.5% |
0.2% |
0.2% |
0.7% |
1.0% |
0.0% |
0.8% |
| Consensus Low |
-1.0% |
-3.3% |
1.6% |
-1.0% |
-1.5% |
0.0% |
-1.0% |
-0.2% |
-0.4% |
0.5% |
-2.0% |
0.7% |
| Consensus High |
1.0% |
2.4% |
4.8% |
5.0% |
0.9% |
0.0% |
0.9% |
0.5% |
1.7% |
1.3% |
0.0% |
1.0% |
| PHSI M/M |
-5.5% |
-4.6% |
2.0% |
6.1% |
-6.3% |
1.8% |
-0.8% |
-0.4% |
4.0% |
0.0% |
1.9% |
3.3% |
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| Prior Index |
79.0 |
74.2 |
70.6 |
72.0 |
76.5 |
71.3 |
72.6 |
72.0 |
71.7 |
74.7 |
74.8 |
76.3 |
| Prior Revised |
78.5 |
74.0 |
... |
72.1 |
76.1 |
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74.8 |
74.9 |
76.7 |
| PHSI M/M |
74.2 |
70.6 |
72.0 |
76.5 |
71.3 |
72.6 |
72.0 |
71.7 |
74.7 |
74.8 |
76.3 |
79.2 |
| Rating |
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| Month For: |
Dec-24 |
Jan-25 |
Feb-25 |
Mar-25 |
Apr-25 |
May-25 |
Jun-25 |
Jul-25 |
Aug-25 |
Sep-25 |
Oct-25 |
Nov-25 |
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Release Schedule | 2024 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index (At 10:00)
| SCHEDULE 2024 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
0.0% |
8.3% |
-4.9% |
1.6% |
3.4% |
-7.7% |
-2.1% |
4.8% |
-5.5% |
0.6% |
7.4% |
2.0% |
| Prior Revised |
... |
5.7% |
-4.7% |
... |
3.6% |
... |
-1.9% |
... |
... |
... |
7.5% |
1.8% |
| CONSENSUS |
1.3% |
0.8% |
1.3% |
1.0% |
0.3% |
1.9% |
1.1% |
1.1% |
3.1% |
1.0% |
-1.8% |
0.9% |
| Consensus Low |
0.7% |
-2.5% |
-1.3% |
-1.0% |
-2.0% |
-0.4% |
0.2% |
0.4% |
1.2% |
-0.3% |
-2.1% |
-0.1% |
| Consensus High |
3.9% |
4.6% |
2.0% |
1.0% |
1.0% |
4.1% |
3.4% |
1.5% |
4.3% |
2.5% |
0.4% |
1.0% |
| PHSI M/M |
8.3% |
-4.9% |
1.6% |
3.4% |
-7.7% |
-2.1% |
4.8% |
-5.5% |
0.6% |
7.4% |
2.0% |
2.0% |
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| Prior Index |
71.6 |
77.3 |
74.3 |
75.6 |
78.2 |
72.3 |
70.8 |
74.3 |
70.2 |
70.6 |
75.8 |
77.4 |
| Prior Revised |
71.4 |
78.1 |
77.4 |
... |
78.3 |
... |
70.9 |
... |
... |
... |
75.9 |
77.3 |
| PHSI LEVEL |
77.3 |
74.3 |
75.6 |
78.2 |
72.3 |
70.8 |
74.3 |
70.2 |
70.6 |
75.8 |
77.4 |
79.0 |
| RATING |
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| Month For: |
Dec-23 |
Jan-24 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
Aug-24 |
Sep-24 |
Oct-24 |
Nov-24 |
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Release Schedule | 2023 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index (At 10:00)
| SCHEDULE 2023 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
-4.0% |
2.5% |
8.1% |
0.8% |
-5.2% |
0.0% |
-2.7% |
0.3% |
0.9% |
-7.1% |
1.1% |
-1.5% |
| Prior Revised |
2.6% |
1.1% |
... |
... |
... |
-0.4% |
-2.5% |
0.4% |
0.5% |
... |
1.0% |
-1.2% |
| CONSENSUS |
-1.0% |
1.0% |
1.0% |
0.4% |
1.1% |
-0.6% |
0.3% |
-0.4% |
... |
-1.0% |
-2.0% |
0.8% |
| Consensus Low |
-1.0% |
-1.3% |
-3.0% |
-1.1% |
-2.9% |
-1.4% |
-0.7% |
-0.8% |
... |
-6.8% |
-4.4% |
0.5% |
| Consensus High |
2.2% |
1.3% |
2.5% |
1.0% |
3.2% |
-0.3% |
1.4% |
0.1% |
... |
1.0% |
1.0% |
1.2% |
| PHSI M/M |
2.5% |
8.1% |
0.8% |
-5.2% |
0.0% |
-2.7% |
0.3% |
0.9% |
-7.1% |
1.1% |
-1.5% |
0.0% |
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| Prior Index |
73.9 |
76.9 |
82.5 |
83.2 |
78.9 |
78.9 |
76.5 |
76.8 |
77.6 |
71.8 |
72.6 |
71.4 |
| Prior Revised |
75.0 |
76.3 |
... |
... |
... |
78.6 |
76.6 |
76.9 |
77.3 |
... |
72.5 |
71.6 |
| PHSI Level |
76.9 |
82.5 |
83.2 |
78.9 |
78.9 |
76.5 |
76.8 |
77.6 |
71.8 |
72.6 |
71.4 |
71.6 |
| RATING |
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| Month For |
Dec 22 |
Jan-23 |
Feb-23 |
Mar-23 |
Apr-23 |
May-23 |
Jun-23 |
Jul-23 |
Aug-23 |
Sep-23 |
Oct-23 |
Nov-23 |
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Release Schedule | 2022 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index (At 10:00)
| SCHEDULE 2022 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
-2.2% |
-3.8% |
5.7% |
-4.1% |
-1.2% |
-3.9% |
0.7% |
-8.6% |
-1.0% |
-2.0% |
-10.2% |
-4.6% |
| Prior Revised |
-2.3% |
-2.3% |
-5.8% |
-4.0% |
-1.6% |
-4.0% |
-4.0% |
-8.9% |
-0.6% |
-1.9% |
-8.7% |
-4.7% |
| CONSENSUS |
0.6% |
0.8% |
0.9% |
-1.1% |
-1.5% |
-2.5% |
-1.0% |
-2.5% |
-0.8% |
-3.8% |
-5.0% |
-0.5% |
| Consensus Low |
-0.3% |
-1.0% |
-3.0% |
-1.8% |
-2.3% |
-4.5% |
-2.1% |
-5.0% |
-4.0% |
-5.3% |
-9.5% |
-3.8% |
| Consensus High |
1.0% |
1.6% |
1.5% |
1.9% |
1.0% |
0.0% |
-0.3% |
1.1% |
1.0% |
-1.0% |
-1.0% |
0.8% |
| PHSI M/M |
-3.8% |
-5.7% |
-4.1% |
-1.2% |
-3.9% |
0.7% |
-8.6% |
-1.0% |
-2.0% |
-10.2% |
-4.6% |
-4.0% |
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| PHSI Level |
117.7 |
109.5 |
104.9 |
103.7 |
99.3 |
99.9 |
91.0 |
89.8 |
88.4 |
79.5 |
77.1 |
73.9 |
| RATING |
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| Month For |
Dec 21 |
Jan-22 |
Feb-22 |
Mar-22 |
Apr-22 |
May-22 |
Jun-22 |
Jul-22 |
Aug-22 |
Sep-22 |
Oct-22 |
Nov-22 |
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Release Schedule | 2021 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index (At 10:00)
| SCHEDULE 2021 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
1.7% |
-0.3% |
-2.8% |
-10.6% |
1.9% |
-4.4% |
8.0% |
-1.9% |
-1.8% |
8.1% |
-2.3% |
7.5% |
| Prior Revised |
1.6% |
-2.0% |
-2.4% |
-11.5% |
1.7% |
... |
8.3% |
-2.0% |
-2.0% |
... |
-2.4% |
... |
| CONSENSUS |
-0.3% |
0.0% |
-2.7% |
3.8% |
2.0% |
-0.8% |
-0.8% |
0.4% |
0.9% |
1.0% |
0.7% |
0.6% |
| Consensus Low |
-1.5% |
-1.5% |
-4.5% |
2.0% |
0.8% |
-2.5% |
-1.0% |
-0.8% |
0.0% |
0.6% |
-1.0% |
-1.8% |
| Consensus High |
2.5% |
0.5% |
-1.0% |
6.0% |
5.0% |
1.0% |
2.5% |
1.0% |
1.2% |
4.0% |
2.9% |
1.0% |
| PHSI M/M |
-0.3% |
-2.8% |
-10.6% |
1.9% |
-4.4% |
8.0% |
-1.9% |
-1.8% |
8.1% |
-2.3% |
7.5% |
-2.2% |
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| PHSI Level Rev |
126.4 |
123.4 |
109.2 |
111.1 |
106.2 |
115.0 |
112.7 |
110.5 |
119.4 |
116.5 |
125.2 |
122.3 |
| PHSI Level |
125.5 |
122.8 |
110.3 |
111.3 |
106.2 |
114.7 |
112.8 |
110.7 |
119.5 |
116.7 |
125.2 |
122.4 |
| RATING |
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| Month For |
Dec 20 |
Jan-21 |
Feb-21 |
Mar-21 |
Apr-21 |
May-21 |
Jun-21 |
Jul-21 |
Aug-21 |
Sep-21 |
Oct-21 |
Nov-21 |
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Legends: |
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Delayed |
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Positive View |
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Negative View |
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Neutral View |
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Non Available |
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Brief News | 2026 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index | Real Estate
| DATE/WEEK |
HIGHLIGHTS |
FOR |
INDEX |
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Pending Home Sales |
No 12 |
... |
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Nov-2026 |
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Pending Home Sales |
No 11 |
... |
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Oct-2026 |
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| |
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Pending Home Sales |
No 10 |
... |
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Sep-2026 |
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Pending Home Sales |
No 9 |
... |
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Aug-2026 |
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Pending Home Sales |
No 8 |
... |
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Jul-2026 |
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Pending Home Sales |
No 7 |
... |
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Jun-2026 |
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Pending Home Sales |
No 6 |
... |
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May-2026 |
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Pending Home Sales |
No 5 |
... |
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Apr-2026 |
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Pending Home Sales |
No 4 |
... |
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Mar-2026 |
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Pending Home Sales |
No 3 |
... |
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Feb-2026 |
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Pending Home Sales |
No 2 |
... |
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Jan-2026 |
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Based on data released by the National Association of Realtors (NAR), U.S. pending home sales experienced a sharp, unexpected decline in December 2025, falling 9.3% month-over-month to an index level of 71.8. This significant drop reversed a four-month streak of gains and was the largest monthly decline since April 2020. |
No 1 |
71.8 |
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Dec-2025 |
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Brief News | 2025 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index | Real Estate
| DATE/WEEK |
HIGHLIGHTS |
FOR |
INDEX |
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Pending home sales in November 2025 experienced a notable surge, rising 3.3% month-over-month and 2.6% year-over-year, driven by improved affordability from lower mortgage rates (averaging ~6.2%) and increased inventory. This marked the strongest performance in nearly three years, with all four U.S. regions posting gains. In November 2025, the U.S. National Association of Realtors (NAR) Pending Home Sales Index rose to 79.2, marking a 3.3% increase from October 2025 and a 2.6% increase from one year earlier. |
No 12 |
79.2 |
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Nov-2025 |
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Pending home sales in October 2025 showed a moderate recovery with a 1.9% increase month-over-month, driven by improved affordability from lower mortgage rates and higher inventory, reported Realtor.com. Despite the monthly rise, the market remained 0.4% below year-over-year levels, continuing to struggle with affordability, notes Yahoo Finance. Regional trends showed growth in the Midwest and South, while the West lagged. US pending home sales increase in October to 76.3 amid lower mortgage rates. |
No 11 |
76.3 |
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Oct-2025 |
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The pending home sales index, a leading indicator of house sales based on contract signings, was unchanged at 74.8 in September. Pending sales of existing US homes stalled in September, suggesting anxiety about the job market kept potential buyers sidelined despite a welcome easing in mortgage rates. An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according to National Association of Realtors data released Wednesday. Economists expected a 1.2% increase, based on the median estimate in a Bloomberg survey. Contracts to purchase previously owned U.S. homes were unexpectedly unchanged in September, likely as worries about the labor market and economic uncertainty kept prospective buyers on the sidelines despite declining mortgage rates. Pending-homes sales tend to be a leading indicator for previously owned homes, as houses typically go under contract a month or two before they’re sold. |
No 10 |
74.8 |
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Sep-2025 |
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US pending home sales rebound in August 2025 to 74.7 amid low mortgage rates. Sales of previously owned U.S. homes increased solidly in August 2025 as lower mortgage rates pulled buyers back into the market, though a softening labor market could curb further gains. The National Association of Realtors said on Monday pending home sales, based on signed contracts, rebounded 4.0% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, rising 0.2%. |
No 9 |
74.7 |
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Aug-2025 |
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Contracts to buy previously owned U.S. homes fell more than expected in July as higher mortgage rates and a slowing labor market sidelined prospective homeowners. The National Association of Realtors said on Thursday pending home sales, based on signed contracts, slipped 0.4% last month to 71.7. Economists polled by Reuters had forecast contracts, which become sales after a month or two, dipping 0.1%. Pending home sales rose 0.7% from a year earlier. High mortgage rates have undercut the housing market. Though mortgage rates have eased from this year's lofty levels on expectations that the Federal Reserve would resume cutting interest rates in September, they remain elevated. A slowing labor market is also becoming a constraint for home sales. |
No 8 |
71.7 |
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Jul-2025 |
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Contracts to buy previously owned U.S. homes dropped more than expected in June 2025, weighed down by higher mortgage rates. The National Association of Realtors said on Wednesday pending home sales, based on signed contracts, fell 0.8% last month to 72.0. Economists polled by Reuters had forecast contracts, which become sales after a month or two, advancing 0.3%. Pending home sales decreased 2.8% from a year earlier. |
No 7 |
72.0 |
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Jun-2025 |
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Contracts to buy previously owned U.S. homes increased more than expected in May 2025, but higher mortgage rates remain a constraint for buyers. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on signed contracts, increased 1.8% to 72.6 last month. Sales rose in all four regions. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would edge up 0.1%. |
No 6 |
72.6 |
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May-2025 |
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Pending home sales in April 2025 experienced a significant decline of 6.3% to 71.36 compared to the previous month, marking the largest monthly drop since September 2022, with all four U.S. regions seeing month-over-month losses in transactions. Year-over-year, contract signings were down 2.5%, primarily influenced by rising mortgage rates and economic uncertainty, though the Midwest saw a 2.2% annual increase. |
No 5 |
71.36 |
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Apr-2025 |
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Pending home sales in the U.S. increased by 6.1% in March 2025, marking the largest month-to-month increase since December 2023, according to the National Association of Realtors (NAR). This surge brought the Pending Home Sales Index (PHSI) to 76.5, though it was still down 0.6% year-over-year. While the Northeast saw a month-over-month decline in transactions, the Midwest, South, and West all experienced gains, with the South showing the most substantial increase. |
No 4 |
76.5 |
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Mar-2025 |
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Pending home sales in the U.S. increased by 2.0% in February 2025, reaching a Pending Home Sales Index (PHSI) of 72.0, according to the National Association of REALTORS® (NAR). This monthly increase follows a decline in January and was primarily driven by gains in the South and Midwest, while the Northeast and West experienced declines. However, despite the February improvement, pending home sales remained significantly below historical levels and were down 3.6% compared to February 2024. |
No 3 |
72.0 |
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Feb-2025 |
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Contracts to buy U.S. previously owned homes plunged to a record low in January as higher mortgage rates and house prices reduced affordability for prospective buyers. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, dropped 4.6% last month to 70.6, an all-time low. |
No 2 |
70.6 |
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Jan-2025 |
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Pending home sales fell 5.5% in December 2024 at 74.2 as buyers pulled back in response to climbing mortgage rates. Contract signings fell 5% year over year, the biggest annual dip since July. After more than two years of 6% or higher mortgage rates, both buyers and sellers are starting to adjust, but this month’s data marks a step back after four months of steady growth. Home Sales |
No 1 |
74.2 |
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Dec-2024 |
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Brief News | 2024 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index | Real Estate
| DATE/WEEK |
HIGHLIGHTS |
FOR |
INDEX |
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Contracts to buy U.S. previously owned homes rose more than expected in November, notching a fourth straight month of gains as buyers focused on taking advantage of improved inventory despite stubbornly high mortgage rates.The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose 2.2% last month to 79.0 - the highest since February 2023 - from 77.3 in October. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would rise 0.9% after increasing 1.8% in October. Pending home sales rose 6.9% from a year earlier. On a regional basis, the Midwest, South and West saw monthly increases while contract signings slipped in the Northeast. All four regions posted annual gains. |
No 12 |
79.0 |
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Nov-2024 |
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| |
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Contracts to buy U.S. previously owned homes rose unexpectedly in October, notching a third straight month of increases, despite high mortgage rates and as inventory of properties for sale continued to build and a healthy job market fortifies the finances of prospective buyers. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, rose 2.0% last month to 77.4 - the highest since March - from 75.9 in September. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would fall 2.0% after increasing 7.5% in September, the largest increase in more than four years. Pending home sales rose 5.4% from a year earlier and all four regions saw month-over-month and year-over-year increases. |
No 11 |
77.4 |
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Oct-2024 |
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| |
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US pending home sales jump the most in more than four years, NAR says. Contracts to buy U.S. previously owned homes jumped by the most in more than four years in September on a mix of more attractive interest rates and improving inventory of properties for sale. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, rose 7.4% last month to 75.8 - the highest since March - from 70.6 in August. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would rise 1.0% after increasing 0.6% in August from a record low in July. September's month-on-month increase was the largest since June 2020's 14.9% gain, while on a year-over-year basis the national sales rate was up 2.6% - the biggest jump since May 2021. Pending home sales rose month-over-month in all four regions, and year-over-year they rose in the Northeast and West and were unchanged in the Midwest and South. |
No 10 |
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Sep-2024 |
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level as a drop in mortgage interest rates in anticipation of Federal Reserve benchmark rate cuts provided a modest lift to affordability. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, rose 0.6% last month to 70.6 from July's 70.2, which was the lowest reading since the series started in 2001. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would rise 1.0%. On a regional basis, pending home sales rose in the West, South and Midwest, while falling in the Northeast. The year-over-year change in the national sales rate remained negative, however, declining 3.0% from August 2023. |
No 9 |
70.6 |
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Aug-2024 |
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Contracts to buy U.S. previously owned homes dropped to a record low in July as higher prices and borrowing costs drove potential buyers from the market. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, fell 5.5% last month to 70.2, the lowest reading since the series started in 2001. Pending home sales fell in all four regions last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would rise 0.4%. Pending home sales plummeted 8.5% on a year-on-year basis in July. House prices remain elevated, though the pace of increases has slowed. The Federal Housing Finance Agency reported on Tuesday that house prices rose 5.1% on a year-on-year basis in June, the smallest rise in nearly a year, after advancing 5.9% in May. |
No 8 |
70.2 |
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Jul-2024 |
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Contracts to buy U.S. previously owned homes rebounded sharply in June as an improvement in supply and some moderation in mortgage rates pulled buyers in from the sidelines. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, surged 4.8% last month to 74.3. Pending home sales rose in all four regions last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, rebounding 1.5%. Pending home sales dropped 2.6% in June on a year-on-year basis. |
No 7 |
74.3 |
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Jun-2024 |
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Contracts to buy U.S. previously owned homes unexpectedly fell in May, indicating sales could remain subdued for a while as potential buyers grapple with higher mortgage rates and prices. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, dropped 2.1% last month to 70.8. Pending home sales fell in the densely populated South and the Midwest, which is considered a more affordable region. The rose in the Northeast and West. Economists polled by Reuters had forecast contracts, which become sales after a month or two, rebounding 2.5%. Pending home sales dropped 6.6% in May on a year-on-year basis.The housing market has been thumped by a resurgence in mortgage rates, with sales and home building slumping in May. |
No 6 |
70.8 |
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May-2024 |
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Contract signings for U.S. home purchases fell by the most in three years in April and the overall level of activity was the lowest since the onset of the COVID-19 pandemic in the spring of 2020, as high interest rates keep a lid on the housing market, the National Association of Realtors said on Thursday. The NAR said its pending home sales index fell 7.7% in April to 72.3 from an upwardly revised 78.3 reading in March. The drop was the largest since February 2021 and the index level was the lowest since the record-low reading of 71.8 in April of 2020. The index is meant to be predictive of completed home sales transactions one to two months later. |
No 5 |
72.3 |
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Apr-2024 |
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US pending home sales jumped in March, beating expectations by a mile. Home sales based on contract signings unexpectedly jumped in March despite elevated mortgage rates that month. And the latest data from Freddie Mac showed that mortgage rates edged higher this week, reaching a fresh five-month high. Pending home sales — a forward-looking indicator based on contract signings rather than closings — climbed 3.4% in March, the National Association of Realtors reported Thursday, which was “the best performance in a year,” according to a release. That was well above the 0.3% decline forecast by economists, according to a FactSet poll. Contract signings rose across the country in March from the prior month, except in the Midwest. Despite the March gain, pending home sales are still “in a fairly narrow range over the last 12 months without a measurable breakout,” NAR’s chief economist, Lawrence Yun, said in a release. “Meaningful gains will only occur with declining mortgage rates and rising inventory.” |
No 4 |
78.2 |
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Mar-2024 |
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Pending home sales in the U.S. rose 1.6% in February, spurred by modest inventory increases and job gains, a report on Thursday said. The National Association of Realtors (NAR) Pending Home Sales index rose 1.6% to 75.6 from a revised 74.4 the month prior. Economists expected a 1.5% increase, a Reuters poll showed. On a yearly basis, pending home sales fell 7% in February. Contracts on pending homes dropped in 2023 as prospective buyers faced shortened inventory and higher mortgage rates, tracking with the Federal Reserve's rate hike campaign. While the average 30-year fixed-rate has eased from two-decade highs in October -- falling to 6.87% for the week ended March 21, according to Freddie Mac -- foot traffic in the existing homes market is expected to stir as inventory recovers, according to the NAR. |
No 3 |
75.6 |
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Feb-2024 |
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Pending U.S. home sales retreated in January, a report on Thursday showed, as buyers continue to struggle with still-high mortgage rates. The National Association of Realtors Pending Home Sales index fell 4.9% to 74.3. A poll by Reuters showed economists expected a 1.0% increase. The increase in pending sales in December was revised sharply lower to 5.7% from 8.3%, even as the index value for that month was revised higher, reflecting NAR revisions for 2023. On a year-over-year basis, pending home sales fell 8.8% in January. |
No 2 |
74.3 |
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Jan-2024 |
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U.S. pending home sales register sharpest monthly rise since mid-2020.Pending home sales unexpectedly shot higher in December as lower mortgage rates helped lure buyers back into the market. The National Association of Realtors on Friday reported that its index measuring sales not yet completed lurched ahead by 8.3% for the month, well ahead of the Dow Jones estimate for a 2% increase. On an annual basis, the index rose 1.3% after being down 5.2% in November. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices |
No 1 |
77.3 |
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Dec-2023 |
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Brief News | 2023 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales Index | Real Estate
| DATE/WEEK |
HIGHLIGHTS |
FOR |
INDEX |
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Pending Home Sales Recorded No Change in November 2023. Pending home sales in November were identical to those in October, according to the National Association of Realtors®. The Northeast, Midwest and West posted monthly gains in transactions while the South recorded a loss. All four U.S. regions registered year-over-year declines in transactions. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – stayed at 71.6 in November. Year over year, pending transactions were down 5.2%. An index of 100 is equal to the level of contract activity in 2001. |
No 12 |
71.6 |
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Nov-2023 |
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Pending home sales drop to a record low, even worse than during the financial crisis. Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis more than a decade ago. Sales were down 8.5% from October of last year. Because the index measures signed contracts, it is the most recent indicator of housing demand. It reflects the buyers who were out shopping in October, which was when the popular 30-year fixed mortgage rate briefly shot higher than 8%. Pending home sales in October dropped to the lowest level since the National Association of Realtors began tracking them in 2001. Mortgage rates in October rose sharply, with the average on the 30-year fixed loan briefly soaring over 8%. Rates have since pulled back but are still above 7%, and supply is still tight. |
No 11 |
71.4 |
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Oct-2023 |
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Contracts to buy U.S. existing homes rose unexpectedly in September despite elevated mortgage rates that continue to create gridlock in the housing market, according to a report published on Thursday. The National Association of Realtors pending home sales index rose 1.1% to 72.6 from 71.8 in August, the largest increase since January. Economists polled by Reuters had expected a decline of 1.8%. On a year-over-year basis, pending home sales were down 11%. Pending sales of existing homes rose by the most in the Midwest and Northeast regions in September. The West was the only region to experience a month-to-month drop in contracts signed, falling by 1.8%. |
No 10 |
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Sep-2023 |
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Contracts to buy U.S. existing homes fell more than expected in August, tumbling by the most in nearly a year as high mortgage rates erode affordability, according to a survey released on Thursday. The National Association of Realtors' Pending Home Sales Index fell 7.1% to 71.8 from July's revised 77.3. The decrease, the largest since September 2022, exceeded the median economist forecast for a 0.8% fall, according to a Reuters poll. On a year-over-year basis, pending sales were down 18.7%. The fall occurred as buyer affordability continued to decline last month. The average mortgage payment rose to $2,170 in August, up $331 - or 18% - year-over-year, according to another data published on Thursday by the Mortgage Bankers Association. |
No 9 |
71.8 |
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Aug-2023 |
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Contracts to buy previously owned homes increased in July at the fastest pace since January, adding further evidence that the housing market may be rebounding. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts that become sales after a month or two, rose 0.9% to 77.6 in July versus a revised 0.4% increase in June. The uptick in pending home sales topped the forecast for a 0.6% decrease in a Reuters poll of economists. Pending sales fell by 14% year-over-year, but at a slower rate than the month prior. Wednesday's report suggested that the housing market is starting to recover from a period of rapid decline that began when the Federal Reserve initiated an aggressive interest rate hiking campaign in March 2022. |
No 8 |
77.6 |
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Jul-2023 |
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Contracts to buy previously owned homes increased in June for the first time since February, suggesting that the housing market is recovering from the low point of its recent declines. The National Association of Realtors (NAR) said on Thursday that its Pending Home Sales Index, based on signed contracts that become sales after a month or two, rose 0.3% to 76.8 in June. Economists polled by Reuters had forecast a 0.5% decrease in contracts signed. Although pending home sales were still down 15.6% in June on a year-on-year basis, there is a growing body of evidence that the housing market is bottoming out. |
No 7 |
76.8 |
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Jun-2023 |
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Contracts to buy U.S. previously owned homes fell more than expected in May, dropping to the lowest level in five months as a chronic shortage of houses on the market weighed on activity. The National Association of Realtors (NAR) said on Thursday that its Pending Home Sales Index, based on signed contracts, dropped 2.7% to 76.5 last month, the lowest level since December. Economists polled by Reuters had forecast pending sales, which become sales after a month or two, falling 0.5%. Pending home sales tumbled 22.2% in May on a year-on-year basis. |
No 6 |
76.5 |
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May-2023 |
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Contracts to buy U.S. previously owned homes were unchanged in April amid tight inventory, which could delay a recovery in the housing market. The National Association of Realtors (NAR) said on Thursday that the unchanged reading of 78.9 in its Pending Home Sales Index, based on signed contracts, last month followed a 5.2% drop in March. Economists polled by Reuters had forecast pending sales, which become sales after a month or two, rebounding 1.0%. Pending home sales decreased 20.3% in April on a year-on-year basis. |
No 5 |
78.9 |
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Apr-2023 |
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US pending home sales slump unexpectedly in March. Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in a housing market that has been clobbered by rising interest rates. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, fell 5.2% last month to 78.9, the lowest since December. Economists polled by Reuters had forecast pending sales to have increased 0.5% in March, but the reported decline was larger than even the most pessimistic estimate in the survey. |
No 4 |
78.9 |
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Mar-2023 |
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The Pending Home Sales Index (PHSI) improved 0.8% to 83.2 in February, according to the National Association of Realtors. Year-over-year, pending transactions dropped by 21.1%. An index of 100 is equal to the level of contract activity in 2001. “After nearly a year, the housing sector’s contraction is coming to an end,” said NAR chief economist Lawrence Yun. “Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” |
No 3 |
83.2 |
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Feb-2023 |
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| |
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A sharp drop in mortgage interest rates brought homebuyers out in force in January, but rates have bounced back higher again, so the gains may be short-lived. Signed contracts on existing homes jumped 8.1% last month compared with December, according to the National Association of Realtors. That’s the second straight month of gains. Sales, however, were still 24% lower compared with January 2022. The so-called “pending sales” are the most current indicator of housing demand, as it can take up to two months to close on a signed sale. Closed sales in January were lower, because they were based on contracts signed in November and December, when mortgage rates were higher. And January’s jump is all about mortgage rates. After hitting a high of just over 7.3% in October, which caused sales to plummet, the average rate on the popular 30-year fixed mortgage dropped back close to 6% in January, according to Mortgage News Daily. But mortgage rates moved higher again in February, and the average rate stood at 6.88% as of Friday. Sales activity is already likely slowing. Mortgage applications to buy a home, which are a weekly indicator of buyer demand, have been falling for much of February. |
No 2 |
82.5 |
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Jan-2023 |
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U.S. pending-home sales rose 2.5% in December, reversing a six-month losing streak, according to the monthly index released Friday by the National Association of Realtors (NAR).Pending home sales were down for six months in a row, as the U.S. Federal Reserve increased interest rates and mortgage rates took off.Pending-home sales beat analyst expectations. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 1%.Contract signings rose in the South and the West.Pending home sales reflect transactions where the contract has been signed for an existing-home sale, but the sale has not yet closed. Economists view it as an indicator for the direction of existing-home sales in subsequent months.Mortgage application activity hints at the housing market’s further recovery. Mortgage demand rose in the latest week. Key details: Compared with a year earlier, transactions were down by 33.8%.On a monthly basis, pending sales rose in the South and the West. Sales dropped in the Northeast and Midwest. |
No 1 |
76.9 |
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Dec-2022 |
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Brief News | 2022 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales
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Contracts to buy U.S. previously owned homes fell far more than expected in November, diving for a sixth straight month in the latest indication of the hefty toll the Federal Reserve's interest rate hikes are taking on the housing market as the central bank seeks to curb inflation. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, fell 4% to 73.9 last month from October's downwardly revised 77.0. November's was the lowest reading - aside from the shortlived drop in the early months of the pandemic - since NAR launched the index in 2001. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would fall 0.8%. Pending home sales dropped 37.8% in November on a year-on-year basis. |
No 10 |
-1.2% |
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Nov-2022 |
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US pending home sales fell to their lowest level in 20 years last month. US pending home sales fell to their lowest level in 20 years in October as mortgage rates surged to their highest levels of the year, according to a report released Thursday. Pending home sales dropped 1.5% last month from September, monthly data from the National Association of Realtors showed. The pending home sales index — a forward-looking indicator based on contract signings rather than closings — was down 8.5% from a year ago. Only the Northeast saw monthly gains in pending transactions in October, while the Midwest, South and West all experienced a loss. All four US regions had year-over-year declines in transactions. With such limited inventory, prices are pushed higher. Together with high borrowing costs, many buyers are waiting for greater affordability or have bowed out of the housing market entirely. |
No 9 |
...% |
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Oct-2022 |
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U.S. pending home sales fall 10.2% in September 2022. Pending home sales fell 10% in September, much worse than expected. Pending home sales suffered a worse decline than expected from August to September, as mortgage rates surged. Economists had predicted a 4% drop. Sales were down 31% year over year. Excluding April 2020, at the start of the Covid pandemic, the pending home sales index is at its lowest level since June 2010. Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predicted a 4% drop. Sales were down 31% year over year. This marks the lowest level on the pending sales index since June 2010, excluding April 2020, when the Covid pandemic was in its early days. |
No 10 |
-1.2% |
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Sep-2022 |
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Contracts to buy U.S. previously owned homes fell for a third straight month in August, weighed down by soaring mortgage rates and high house prices, which are eroding affordability. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, dropped 2.0% to 88.4 last month, the lowest level since April 2020. Contracts have declined in nine of the last 10 months. In August, contracts fell in the Northeast, South and Midwest, but rose in the West. Economists polled by Reuters had forecast contracts, which become sales after a month or two, would fall 1.4%. Pending home sales plunged 24.2% in August on a year-on-year basis. |
No 9 |
...% |
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Aug-2022 |
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This month’s very modest decline reflects the recent retreat in mortgage rates. Inventories are growing for homes in the upper price ranges, but limited supply at lower price points is hindering transaction activity. Pending home sales slip 1% in July, but Realtors say market may be ‘at or close to the bottom’. Pending home sales, a measure of signed contracts on existing homes, dropped 19.9% in July compared with July 2021. The figure has fallen for eight of the past nine months as rising mortgage rates made housing less affordable.Pending home sales, a measure of signed contracts on existing homes, slipped 1% from June to July, according to the National Association of Realtors. Compared with a year ago, sales were down 19.9%. The figure, a future indicator of closed sales, has fallen for eight of the past nine months as rising mortgage rates made housing less affordable. Higher rates pushed the typical mortgage payment up by 54% from a year ago, according to the NAR. The drop in sales was smaller than previous months and could be a sign of the market settling, even if for a brief period.Mortgage rates have been climbing steadily this year, peaking in June before dropping slightly in July. Rates resumed their rise this week and are now approaching 6% again. |
No 8 |
-1.2% |
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Jul-2022 |
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Pending Home Sales Fell 8.6% in June. Homes were 80% more expensive in June 2022 than in June 2019. Pending home sales declined 8.6% from May as escalating mortgage rates and housing prices impacted potential buyers. Pending sales retreated in all four major regions, with the West experiencing the largest monthly decline. Compared to the previous year, contract signings dropped by double digits in each region as pending sales in the West were down by nearly a third. The PHFI a forward-looking indicator of home sales based on contract signings, dipped 8.6% to 91.0 in June. Year-over-year, transactions shrank 20.0%. An index of 100 is equal to the level of contract activity in 2001. |
No 7 |
...% |
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Jun-2022 |
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U.S. pending home sales rebound in May, reversing a six-month decline. .S. pending-home sales rose in May by 0.7%, according to the monthly index released Monday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast the pending home sales index to drop by 4%. This increase breaks a six-month decline, and comes as mortgage rates continue to rise. Key details: Compared with a year earlier, transactions were down 13.6%. Regionally, the index jumped the most in Northeast, and fell in the Midwest and West. Big picture: The rise is not likely to change economists’ grim forecast for the housing market. |
No 6 |
-1.2% |
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May-2022 |
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Pending home sales, a measure of signed contracts on existing homes, dropped nearly 4% in April, month to month and were down just over 9% from April 2021, according to the National Association of Realtors.The supply of homes for sale jumped 9% last week compared with the same week one year ago, according to Realtor.com.Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically. The supply of homes for sale jumped 9% last week compared with the same period a year ago, according to Realtor.com. That is the biggest annual gain the company has recorded since it began tracking the metric in 2017. April sales of newly built homes, also measured by signed contracts, dropped a much wider-than-expected 16% compared with March, according to the U.S. Census. Sales are slowing because mortgage rates have risen sharply since the start of the year, with the biggest gains in April and early May. The average rate on the 30-year fixed mortgage started the year close to 3% and is now well over 5%. |
No 5 |
...% |
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Apr-2022 |
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Pending home sales fall 1.2% in March 2022. Housing market: Pending home sales tumble for fifth straight month. Rising borrowing costs are cooling off what was once a blistering hot housing market. Pending home sales, a leading indicator of health for the housing market, declined for the fifth straight month in March 2022, according to the National Association of Realtors (NAR). The trade group’s index that tracks the number of homes under contract to be sold fell 1.2% to a reading of 103.7 in March from the previous month and sank 8.2% from a year ago. An index of 100 is equal to contract activity in 2001, said NAR. Analysts expected a 1.1% decline in pending sales from a month earlier, according to consensus estimates. Cooling housing demand was corroborated by a third report from the National Association of Realtors showing its Pending Home Sales Index, based on signed contracts, fell 1.2% in March to 103.7. That was the fifth straight monthly decline and pushed contracts to the lowest level since May 2020. |
No 4 |
-1.2% |
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Mar-2022 |
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In a grim sign for the housing market’s busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February 2022 compared with January 2022, according to the National Association of Realtors. Sales were down 5.4% compared with February 2021. Analysts were expecting a slight gain. This is the fourth straight month of declines in pending sales, which are an indicator of future closings, one to two months out. Since this count is based on signed contracts in February, when mortgage rates really started to take off, it is a strong indicator of how the market is reacting to the new rate environment, especially as it is entering the crucial spring season. Rates began rising in January and continued sharply higher in February. The average rate on the 30-year fixed mortgage is now more than a full percentage point higher than it was one year ago. |
No 3 |
-4.1% |
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Fedb-2022 |
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Homebuying in the U.S. was slower than anticipated in the first month of 2022. Pending home sales, a leading indicator of the health of the housing market, declined for the third straight month. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 5.7% in January 2022 from December and dropped 9.5% from the same month a year ago. Contract signings were down across all regions in the U.S. The results came in much lower than analysts' expectations of a 0.2% increase in sales from a month earlier and a 1.8% drop from the same month a year ago, according to Bloomberg consensus estimates. |
No 2 |
-5.7% |
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Jan-2022 |
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Contracts to buy U.S. previously owned homes fell for a second straight month in December amid record low inventory. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, dropped 3.8% last month, December 2021, to 117.7. Pending home sales fell in all four regions. Economists polled by Reuters had forecast contracts, which become sales after a month or two, dipping 0.2%. Pending home sales decreased 6.9% in December on a year-on-year basis. |
No 1 |
-3.8% |
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Dec-2021 |
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Brief News | 2021 |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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Pending Home Sales
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HIGHLIGHTS |
FOR |
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Pending Home Sales Subside 2.2% in November 2021. Contract signings fell 2.2% in November, a reversal of last month’s increase. Compared to the prior month, contract signings dropped in all regions. Compared to one year ago, contract signings were 2.7% lower. Pending home sales slipped in November, receding slightly after a previous month of gains, according to the National Association of Realtors®. Each of the four major U.S. regions witnessed contract transactions decline month-over-month. Year-over-year activity mostly retreated too, as three regions reported drops and only the Midwest saw an increase. |
No 12 |
-2.2% |
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Nov-2021 |
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Buyers came roaring back to the housing market in October 2021, even as mortgage rates rose. Signed contracts on existing homes, so-called pending sales, jumped 7.5% in October 2021 from September, according to the National Association of Realtors. Sales were still 1.4% lower than October 2020, but last fall marked a cyclical high in the housing market. Pending sales are a forward-looking indicator of sales that will close in one to two months. Wall Street analysts were expecting October pending sales to be flat compared with the month before. |
No 11 |
7.5% |
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Oct-2021 |
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Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September 2021 compared with August, according to the National Association of Realtors. Analysts were predicting a slight monthly gain. Sales were 8% lower compared with September 2020. Pending sales are a forward-looking indicator of closed sales in one to two months. |
No 10 |
-2.3% |
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Sep-2021 |
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Pending home sales increase 8.1% in August. Contracts rise in all four regions. Applications for home purchase loans fall last week. Contracts to buy U.S. previously owned homes rebounded to a seven-month high in August, but higher prices as supply remains tight are slowing the housing market momentum. Other data on Wednesday showed applications for loans to buy a house fell last week as mortgage rates increased after the Federal Reserve signaled it would likely begin reducing its monthly bond purchases as soon as November. There are indications that supply could improve in the fall. Pending home sales increase 8.1% in August. Contracts rise in all four regions. Applications for home purchase loans fall last week. Economists polled by Reuters had forecast contracts, which become sales after a month or two, increasing 1.4%. Compared with a year ago, pending home sales fell 8.3% in August. |
No 9 |
8.1% |
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Aug-2021 |
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Pending Home Sales Decline 1.8% in July 2021. The pending home sales pace declined 1.8% in July 2021 from the prior month and fell 8.5% from a year ago. The U.S. pending home sales index level for the month was 110.7. July's contract signings bring the pending index above the 100-level mark for the 15th consecutive month. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on contracts signed last month, fell 1.8% after dropping a revised 2.0% in June. Economists polled by Reuters had forecast pending home sales would increase 0.4%.. |
No 8 |
800 K |
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Jul-2021 |
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Contracts to purchase previously owned U.S. homes declined in June 2021 in step with a spike in home prices after rebounding strongly in the prior month. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on contracts signed last month, fell 1.9% to 112.8. Economists polled by Reuters had forecast pending home sales would increase 0.3%. Pending home sales for May were revised to show an increase of 8.3% instead of the 8.0% gain previously reported. Pending home contracts are seen as a forward-looking indicator of the health of the housing market because they become sales one to two months later. |
No 7 |
740 K |
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Jun-2021 |
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Contracts to purchase previously owned U.S. homes rose by the most in 11 months in May 2021 driven by a decline in mortgage rates as well as an uptick in listings. The increase could signal some imminent relief from the shortage of homes for sale that has weighed on sales and driven residential property prices to record highs. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 8.0% to 114.7. Economists polled by Reuters had forecast pending home sales would decline 0.8% percent. |
No 6 |
800 K |
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May-2021 |
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Contracts to purchase previously owned U.S. homes declined in April 2021 following a record-low inventory of homes for sale in the first quarter of 2021. The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on contracts signed last month, fell 4.4% to 106.2. Economists polled by Reuters had forecast pending home sales rising 0.8% percent. |
No 5 |
740 K |
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Apr-2021 |
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Pending home sales increased 1.9% in March 2021 after two months of decline. Compared to the prior month, pending sales increased nationwide except in the Midwest region. Compared to one year ago, pending sales rose by double-digits in all regions. Pending home sales increased in March, snapping two consecutive months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions experienced month-over-month gains in March, while each area recorded year-over-year growth. Pending home sales, a measure of signed contracts on existing homes, rose 1.9% in March 2021 compared with April, according to the National Association of Realtors. Forecasters had expected a 5% gain. |
No 4 |
800 K |
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Mar-2021 |
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Pending home sales, a measure of signed contracts on existing homes, fell 10.6% in February 2021 compared with January, according to the National Association of Realtors. Sales were 0.5% lower year over year. Sales are now varying dramatically by price point,\ because supply is so lean on the low end and more plentiful on the higher end. The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed contracts on existing homes, fell a wider-than-expected 10.6% in February compared with January, according to the National Association of Realtors. Sales were 0.5% lower year over year. “The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift,” said NAR’s chief economist, Lawrence Yun. “But contracts are not clicking due to record-low inventory.” |
No 3 |
740 K |
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feb-2021 |
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Contracts to buy U.S. previously owned homes fell in January 2021 amid a continued shortage of houses available for sale.The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on contracts signed last month, dropped 2.8% last month to 122.8. Economists polled by Reuters had forecast pending home contracts, which become sales after a month or two, would be unchanged in January. Pending home sales have been out of alignment with existing home sales, which have been fairly solid. The NAR has blamed the misalignment on the different sample sizes for the data. Compared to a year ago, pending home sales increased 13.0% in January. Monthly contracts declined in the Midwest, Northeast and West. They inched up in the South.Demand for housing is being driven by Americans seeking more space for home offices and schooling as the year-long COVID-19 pandemic drags on. Momentum could, however, ebb in the near term after winter storms severely disrupted activity in Texas and large parts of the densely-populated South region this month. |
No 2 |
800 K |
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Jan-2021 |
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Homebuyers signed fewer contracts to buy existing homes in December 2020, as record high prices and record low supply stood in the way of strong demand. The pending home sales index from the National Association of Realtors fell 0.3% month to month, the fourth straight monthly decline. This index is a predictor of future closed sales. Pending sales were, however, 21.4% higher than December 2019, and this was the highest December reading on record. |
No 1 |
740 K |
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Dec-2020 |
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Definitions | Explain |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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| PENDING HOME SALES |
Pending Home Sales
A pending home sale means a seller has accepted a buyer's offer, but the transaction is not yet finalized, though it is in the final stages of completion. The property is usually taken off the market, and a sale is highly likely unless an extraordinary situation occurs, such as the buyer's financing or appraisal falling through. This status is reached after any contingencies, such as home inspections, are resolved.
The Pending Home Sales Index (PHSI) is considered the leading indicator of housing sales because it is based on a large sample of housing contracts in the United States. The PHSI basis is transactions marked as “pending home sale” in a Multiple Listing Service (MLS). MLS is an online database of properties at all stages of the sales cycle.
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two.
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Data | Source |
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Pending Home Sales Index | Real Estate |
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Today's Week |
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| DATA INFORMATION |
PENDING HOME SALES |
| SOURCE |
U.S. Department of Housing & Urban Development. |
| WEB |
www.hud.gov |
| FREQUENCY |
Monthly |
| AVAILABILITY |
Usually during the third week of the month. |
| COVERAGE |
Data are for the previous month. Data for June are released in July. |
| REVISIONS |
Yes |
| IMPORTANCE |
Real Estate - Low Importance |
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