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Category: Research - Topic: Economics - PENDING HOME SALES


Pending Home Sales dropped 4.9% in January 2024
Posted: February 29, 2024 at 10:00 AM (Thursday)

Pending home sales in January dropped 4.9%, according to the National Association of REALTORS®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases.

The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – decreased to 74.3 in January. Year over year, pending transactions were down 8.8%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales increased 8.3% in December 2023
Posted: January 26, 2024 at 10:00 AM (Friday)

Pending home sales in December elevated 8.3%, according to the National Association of REALTORS®. The Midwest, South and West posted monthly gains in transactions while the Northeast recorded a loss. The Midwest, South and West also registered year-over-year increases while the Northeast had a decline in transactions compared to ...


Pending Home Sales were unch% in November 2023
Posted: December 28, 2023 at 10:00 AM (Thursday)

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 ...


Pending Home Sales dropped 1.5% in October 2023
Posted: November 30, 2023 at 10:00 AM (Thursday)

Pending home sales dropped 1.5% in October, according to the National Association of REALTORS®. The Northeast posted a monthly gain in transactions while the Midwest, South and West all recorded losses. All four U.S. regions noted year-over-year declines in transactions.

The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – dropped 1.5% to 71.4 in October, the lowest number since the index was originated in 2001. Year over year, pending transactions declined 8.5%. An index of 100 is ...


Pending Home Sales up 1.1% in September 2023
Posted: October 26, 2023 at 10:00 AM (Thursday)

Pending home sales augmented 1.1% in September, according to the National Association of REALTORS®. The Northeast, Midwest and South posted monthly gains in transactions while the West experienced a loss. All four U.S. regions had year-over-year declines in transactions.

"Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years," said Lawrence Yun, NAR chief economist. "Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated." ...


Pending Home Sales down 7.1% in August 2023
Posted: September 28, 2023 at 10:00 AM (Thursday)

Pending home sales slid 7.1% in August, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses and year-over-year declines in transactions.

"Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers," said Lawrence Yun, NAR chief economist. "Some would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit ...


Pending Home Sales up 0.9% in July 2023
Posted: August 30, 2023 at 10:00 AM (Wednesday)

Pending home sales increased 0.9% in July – rising for the second consecutive month – according to the National Association of REALTORS®. The Northeast and Midwest posted monthly losses, while sales in the South and West grew. All four U.S. regions saw year-over-year declines ...


Pending Home Sales up 0.3% in June 2023
Posted: July 27, 2023 at 10:00 AM (Thursday)

Pending home sales registered a modest increase of 0.3% in June from the previous month – the first increase since February – according to the National Association of REALTORS®. The South and West posted monthly losses, while sales in the Northeast and Midwest grew. All four U.S. regions saw year-over-year declines ...


Pending Home Sales down 5.2% in March 2023
Posted: April 27, 2023 at 10:00 AM (Thursday)

Pending home sales decreased in March for the first time since November 2022, according to the National Association of REALTORS®. Three U.S. regions posted monthly losses, while the South increased. All four regions saw year-over-year declines in transactions.

The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – waned by 5.2% to 78.9 in March. Year over year, pending transactions dropped by 23.2%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales up 0.8% in February 2023
Posted: March 29, 2023 at 10:00 AM (Wednesday)

Pending home sales grew in February for the third consecutive month, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions.

The Pending Home Sales Index (PHSI)* — a forward-looking indicator of home sales based on contract signings — improved 0.8% to 83.2 in February. Year-over-year, pending transactions dropped by 21.1%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales up 8.1% in January 2023
Posted: February 27, 2023 at 10:00 AM (Monday)

Pending home sales improved in January for the second consecutive month, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions.

The Pending Home Sales Index (PHSI) — a forward-looking indicator of home sales based on contract signings — improved 8.1% to 82.5 in January. Year-over-year, pending transactions dropped by 24.1%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales up 2.5% in December 2022
Posted: January 27, 2023 at 10:00 AM (Friday)

Pending home sales increased in December for the first time since May 2022 — following six consecutive months of declines — according to the National Association of Realtors®. The Northeast and Midwest recorded month-over-month reductions, while the South and West posted monthly gains. All four U.S. regions saw year-over-year decreases ...


Pending Home Sales down 4.0% in November 2022
Posted: December 28, 2022 at 10:00 AM (Wednesday)

Pending home sales slid for the sixth consecutive month in November, according to the National Association of REALTORS®. All four U.S. regions recorded month-over-month decreases, and all four regions saw year-over-year declines in transactions.

"Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates, which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home," said NAR Chief Economist Lawrence Yun. "Falling ...


Pending Home Sales down 4.6% in October 2022
Posted: November 30, 2022 at 10:00 AM (Wednesday)

Pending home sales slid for the fifth consecutive month in October, according to the National Association of REALTORS®. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines in transactions.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, sank 4.6% to 77.1 in October. Year-over-year, pending transactions slipped by 37.0%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales down 10.2% in September 2022
Posted: October 28, 2022 at 10:00 AM (Friday)

Pending home sales trailed off for the fourth consecutive month in September, according to the National Association of REALTORS®. All four major regions recorded month-over-month and year-over-year declines in transactions.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, slumped 10.2% to 79.5 in September. Year-over-year, pending transactions slid by 31.0%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales down 2.0% in August 2022
Posted: September 28, 2022 at 10:00 AM (Wednesday)

Pending home sales sagged for the third straight month in August, according to the National Association of REALTORS®. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted ...


Pending Home Sales down 1.0% in July 2022
Posted: August 24, 2022 at 10:00 AM (Wednesday)

Pending home sales declined for the second consecutive month in July, and for the eighth time in the last nine months, according to the National Association of REALTORS®. Three out of four major regions registered month-over-month decreases, though the West notched a minor gain. Year-over-year, all four regions saw double-digit percentage ...


Pending Home Sales down 8.6% in June 2022
Posted: July 27, 2022 at 10:00 AM (Wednesday)

Pending home sales decreased in June, following a slight increase in May, according to the National Association of REALTORS®. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West.

The Pending Home Sales Index (PHSI), pa 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. ...


Pending Home Sales inched up 0.7% in May 2022
Posted: June 27, 2022 at 10:00 AM (Monday)

Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors®. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest and West posted decreases. Year-over-year contract activity slid in all four ...


Pending Home Sales Index fell 3.9% in April 2022
Posted: May 26, 2022 at 10:00 AM (Thursday)

Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors® reported. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year ...


Pending Home Sales Index fell 1.2% in March 2022
Posted: April 27, 2022 at 10:00 AM (Wednesday)

Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors®. Month-over-month, only the Northeast saw an increase in contract signings, while the three other major U.S. regions experienced declines in transactions. All four regions reported ...


Pending Home Sales Index fell 4.1% in February 2022
Posted: March 25, 2022 at 10:00 AM (Friday)

Pending home sales slipped in February, marking four consecutive months of transaction decreases, according to the National Association of Realtors®. Three of the four major U.S. regions saw contract signings fall month-over-month, with the Northeast being the only area that reported an increase. All four regions registered a decline ...


Pending Home Sales Index fell 5.7% in January 2022
Posted: February 25, 2022 at 10:00 AM (Friday)

Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors® reported. Of the four major U.S. regions, only the West registered an increase in month-over-month contract activity. All four regions posted a decline in ...


Pending Home Sales Index fell 3.8% in December 2021
Posted: January 27, 2022 at 10:00 AM (Thursday)

Pending home sales fell in December, denoting two straight months of declines, according to the National Association of Realtors®. All four major U.S. regions posted both month-over-month and year-over-year drops in contract activity.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, fell 3.8% to 117.7 in December. Year-over-year, transactions decreased 6.9%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales Index fell 2.2% in November 2021
Posted: December 29, 2021 at 10:00 AM (Wednesday)

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 ...


Pending Home Sales Index increased 7.5% in October
Posted: November 29, 2021 at 10:00 AM (Monday)

Pending home sales increased in October, rebounding after a decline the month prior, according to the National Association of Realtors®. Contract activity rose month-over-month in each of the four major U.S. regions. On a year-over-year basis, however, transactions were split, as two regions reported drops and two others ...


Pending Home Sales Index decreased 2.3% in September
Posted: October 28, 2021 at 10:00 AM (Thursday)

Pending home sales dipped in September, retreating slightly following a previous month of growth, according to the National Association of Realtors®. Each of the four major U.S. regions saw contract activity decline month-over-month and year-over-year, with the Northeast weathering the largest ...


Pending Home Sales Index increased 8.1% in August
Posted: September 29, 2021 at 10:00 AM (Wednesday)

Pending home sales rebounded in August, recording significant gains after two prior months of declines, according to the National Association of Realtors®. Each of the four major U.S. regions mounted month-over-month growth in contract activity. However, those same territories reported decreases in transactions year-over-year, with the ...


Pending Home Sales Index fell 1.8% in July
Posted: August 30, 2021 at 10:00 AM (Monday)

Pending home sales dipped modestly in July, noting two consecutive months of declines, according to the National Association of Realtors®. Only the West region registered a month-over-month gain in contract activity, while the other three major U.S. regions reported drops. All four regions saw transactions ...


Pending Home Sales Index fell 1.9% in June
Posted: July 29, 2021 at 10:00 AM (Thursday)

Pending home sales declined marginally in June after recording a notable gain in May, the National Association of Realtors® reported. Contract activity was split in the four major U.S. regions from both a year-over-year and month-over-month perspective. The Northeast recorded the only yearly gains ...


Pending Home Sales Index rose 8.0% in May
Posted: June 30, 2021 at 10:00 AM (Wednesday)

Pending home sales rebounded strongly in May, reaching the highest reading ever for the month of May since 2005, according to the National Association of Realtors®. All four U.S. regions registered both month-over-month increases and year-over-year gains for pending home sales contract transactions for the month ...


Pending Home Sales Index fell 4.4% in April
Posted: May 27, 2021 at 10:00 AM (Thursday)

Pending home sales took a step backward in April, according to the National Association of Realtors®. All four U.S. regions recorded year-over-year increases, but only the Midwest witnessed month-over-month gains in terms of pending home sales contract transactions.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, fell 4.4% to 106.2 in April. Year-over-year, signings jumped 51.7% as last year's pandemic-related shutdowns slumped sales to an all-time low. An index of 100 is equal ...


Pending Home Sales Index rose 1.9% in March
Posted: April 29, 2021 at 10:00 AM (Thursday)

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.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 1.9% to 111.3 in March. Year-over-year, contract signings jumped 23.3%, with the difference due in large part to the pandemic-induced lockdown in March 2020. An ...


Pending Home Sales Index dropped 10.6% in February
Posted: March 31, 2021 at 10:00 AM (Wednesday)

Pending home sales dipped for a second straight month in February, according to the National Association of Realtors®. Each of the four major U.S. regions witnessed month-over-month declines in February, while results were mixed in the four regions year-over-year.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, dropped 10.6% to 110.3 in February. Year-over-year, contract signings fell 0.5%. An index of 100 is equal to the level of contract activity in 2001. ...


Pending Home Sales Index fell 0.3% in November
Posted: January 29, 2021 at 10:00 AM (Friday)

Despite dropping slightly in the last month of 2020, the latest pending home sales registered as the highest ever recorded in the month of December, according to the National Association of Realtors®. The decrease marks the fourth consecutive month of month-over-month declines. While contract transitions fell in one of the four major U.S. ...


Pending Home Sales Index fell 2.6% in November
Posted: December 30, 2020 at 10:00 AM (Wednesday)

Pending home sales declined in November, according to the National Association of Realtors®. Month-over-month contract activity fell in each of the four major U.S. regions. However, compared to a year ago, all four areas achieved gains in pending home sales transactions.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, fell 2.6% to 125.7 in November, the third straight month of decline. Year-over-year, contract signings climbed 16.4%. An index of 100 is equal to the level of contract ...


Pending Home Sales Index Dipped 1.1% in October
Posted: November 30, 2020 at 10:00 AM (Monday)

Pending home sales fell slightly in October, according to the National Association of Realtors. Contract activity was mixed among the four major U.S. regions, with the only positive month-over-month growth happening in the South, although each region achieved year-over-year gains in pending home ...


Pending Home Sales Index fell 2.2% in September
Posted: October 29, 2020 at 10:00 AM (Thursday)

Pending home sales experienced a minor decline in September after four consecutive months of contract activity growth, according to the National Association of Realtors®. While all four major U.S. regions recorded notable year-over-year increases, only the Northeast achieved month-over-month gains in pending home ...


Pending Home Sales Index rose 8.8% in August
Posted: September 30, 2020 at 10:00 AM (Wednesday)

Pending home sales in August continued to move upward, marking four uninterrupted months of positive contract activity, according to the National Association of Realtors®. Each of the four major regions experienced growth in month-over-month and year-over-year pending home ...


Pending Home Sales Index rose 5.9% in July
Posted: August 27, 2020 at 10:00 AM (Thursday)

Pending home sales in July achieved another month of positive contract activity, marking three consecutive months of growth, according to the National Association of Realtors®. Each of the four major regions saw gains in both month-over-month and year-over-year pending home ...


Pending Home Sales Index rose 16.6% in June
Posted: July 29, 2020 at 10:00 AM (Wednesday)

Pending home sales continued to ascend in June, sustaining two consecutive months of increases in contract activity, according to the National Association of Realtors®. Each of the four major regions experienced growth in month-over-month pending home sales transactions, while the Northeast was the only region to not record increases ...


Pending Home Sales Index rose 44.3% in May
Posted: June 29, 2020 at 10:00 AM (Monday)

Pending home sales mounted a record comeback in May, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic, according to the National Association of Realtors®. Every major region recorded an increase in month-over-month pending home sales transactions, while the South also experienced ...


Pending Home Sales Index decreased 21.8% in April
Posted: May 28, 2020 at 10:00 AM (Thursday)

Brought on by the coronavirus pandemic, pending home sales decreased in April, making two straight months of declines, according to the National Association of Realtors®. Every major region experienced a drop in month-over-month contract activity and a decline in year-over-year pending home ...


Pending Home Sales Index decreased 20.8% in March
Posted: April 29, 2020 at 10:00 AM (Wednesday)

Pending home sales fell in March, seeing expected declines as a result of the coronavirus outbreak, according to the National Association of Realtors®. Each of the four major regions saw drops in month-over-month contract activity and year-over-year pending home ...


Pending Home Sales Index grew 2.4% in February
Posted: March 30, 2020 at 10:00 AM (Monday)

Pending home sales rose in February, climbing for the second consecutive month, according to the National Association of Realtors®. Each of the four major regions saw an increase in month-over-month contract activity, as well as growth in year-over-year pending home sales transactions compared to one ...


Pending Home Sales Index rebounded 5.2% in January
Posted: February 27, 2020 at 10:00 AM (Thursday)

Pending home sales rebounded in January, ticking up following a decline in December, according to the National Association of Realtors®. Only the West region reported a minor drop in month-over-month contract activity, while the other three major regions each saw pending home sales grow. Year-over-year pending home sales activity was up in ...


Pending Home Sales Index fell 4.9% in December
Posted: January 29, 2020 at 10:00 AM (Wednesday)

Pending home sales fell in December, taking a step back after increasing slightly in November, according to the National Association of Realtors®. Each of the four major regions reported a drop in month-over-month contract activity, with the South experiencing the steepest fall. However, year-over-year pending home sales activity was up ...


Pending Home Sales Index rose 1.2% in November
Posted: December 30, 2019 at 10:00 AM (Monday)

Pending home sales increased in November, rebounding from the prior month’s decline, according to the National Association of Realtors®. The West region reported the highest growth last month, while the other three major U.S. regions saw only marginal variances in month-over-month contract activity. Pending home sales were up nationally and up ...


Pending Home Sales Index Decline 1.7% in October
Posted: November 27, 2019 at 10:00 AM (Wednesday)

Pending home sales retreated in October, taking a slight step back after two prior months of increases, according to the National Association of Realtors®. The Northeast experienced a minor uptick last month, but the other three major U.S. regions reported declines in month-over-month contract activity. However, pending home sales were ...


Pending Home Sales Index rose 1.5% in September
Posted: October 29, 2019 at 10:00 AM (Tuesday)

Pending home sales grew in September, marking two consecutive months of increases, according to the National Association of Realtors. The four major regions were split last month, as the Midwest and South recorded gains but the Northeast and West reported declines in month-over-month ...



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