Pending home sales in the US surged 51.7 percent year-on-year in April of 2021, the biggest increase ever amid a low base effect from last year when sales sank at a record pace because of the pandemic. All four US regions recorded year-over-year increases. On a monthly basis however, pending home sales dropped 4.4 percent, compared to forecasts of a 0.8 percent rise, with only the Midwest witnessing month-over-month gains. "Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes," said Lawrence Yun, NAR's chief economist. "The upper-end market is still moving sharply as inventory is more plentiful there". Yun anticipates housing supply to improve as a whole as soon as autumn. He points to an increase in the comfortability of those listing, as well as a rise in sellers after the conclusion of the eviction moratorium or as they exit forbearance. source: National Association of Realtors

Pending Home Sales in the United States averaged 1.48 percent from 2002 until 2021, reaching an all time high of 51.70 percent in April of 2021 and a record low of -33.60 percent in April of 2020. This page provides the latest reported value for - United States Pending Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Pending Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Pending Home Sales in the United States is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Pending Home Sales in the United States to stand at 1.70 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around 1.70 percent in 2022, according to our econometric models.

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United States Pending Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
51.70 23.00 51.70 -33.60 2002 - 2021 percent Monthly
Volume Index, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-25 03:00 PM Jan 13% 20.8% 18%
2021-03-31 02:00 PM Feb -0.5% 13.5% 9.5%
2021-04-29 02:00 PM Mar 23.3% -0.5% 5%
2021-05-27 02:00 PM Apr 51.7% 23% 35%
2021-06-30 02:00 PM May 51.7% 25%
2021-07-29 02:00 PM Jun
2021-08-30 02:00 PM Jul
2021-09-29 02:00 PM Aug


News Stream
US Pending Home Sales Post Record Annual Gain
Pending home sales in the US surged 51.7 percent year-on-year in April of 2021, the biggest increase ever amid a low base effect from last year when sales sank at a record pace because of the pandemic. All four US regions recorded year-over-year increases. On a monthly basis however, pending home sales dropped 4.4 percent, compared to forecasts of a 0.8 percent rise, with only the Midwest witnessing month-over-month gains. "Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes," said Lawrence Yun, NAR's chief economist. "The upper-end market is still moving sharply as inventory is more plentiful there". Yun anticipates housing supply to improve as a whole as soon as autumn. He points to an increase in the comfortability of those listing, as well as a rise in sellers after the conclusion of the eviction moratorium or as they exit forbearance.
2021-05-27
US Pending Home Sales Jump 23.3% in March
Contracts to buy previously owned homes in the US rose 23.3 percent from a year earlier in March 2021, following a 0.5 percent decline in February, as interest rates remained at low levels and supply was near all-time lows. Contract signings were up double-digits in all four regions: the Northeast (16.7 percent); Midwest (14.1 percent); South (27.9 percent); and West (29.8 percent). On a monthly basis, pending home sales rose 1.9 percent in March, partially recovering from a revised 11.5 percent slump in February.
2021-04-29
Pending Home Sales Fall for 1st Time in 9 Months
Pending home sales in the US fell 0.5 percent year-on-year in February of 2021, following an upwardly revised 13.5 percent rise in January. It is the first decline since May as interest rates edged up and supply was near all-time lows. On a monthly basis, pending home sales shrank 10.6 percent, the second consecutive month of declines. "The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift but contracts are not clicking due to record-low inventory. Only the upper-end market is experiencing more activity because of reasonable supply. Demand, interestingly, does not yet appear to be impacted by recent modest rises in mortgage rates", said Lawrence Yun, NAR's chief economist.
2021-03-31
US Pending Home Sales Slow
Contracts to buy previously owned homes in the US increased 13 percent from a year earlier in January of 2021, following a downwardly revised 20.8 percent rise in December, as interest rates remained at historically low levels and supply was near all-time lows. All four regions saw a rise in transactions with two reaching double-digit gains. On a monthly basis, pending home sales declined by 2.8 percent as inventory constraints continue to hold back prospective buyers. The South was the lone region with a modest gain from the month prior, while transactions in the other three regions decreased.
2021-02-25

United States Pending Home Sales
Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed. The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined.