Pending Home Sales in the United States decreased 20 percent year-on-year in June of 2022, the biggest decline since a record 33.1 percent slump in April of 2020. source: National Association of Realtors

Pending Home Sales in the United States averaged 1 percent from 2002 until 2022, reaching an all time high of 52.70 percent in April of 2021 and a record low of -33.10 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 YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Pending Home Sales in the United States is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Pending Home Sales YoY is projected to trend around 7.00 percent in 2023 and 1.70 percent in 2024, according to our econometric models.

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United States Pending Home Sales YoY

Calendar GMT Actual Previous Consensus TEForecast
2022-06-27 02:00 PM May -13.6% -9.2% -10.6%
2022-07-27 02:00 PM Jun -20% -13.8% -9%
2022-08-24 02:00 PM Jul -20%

Related Last Previous Unit Reference
Pending Home Sales -19.96 -13.84 percent Jun 2022
Existing Home Sales 5120.00 5410.00 Thousand Jun 2022
Pending Home Sales MoM -8.60 0.40 percent Jun 2022
Single Family Home Prices 416000.00 407600.00 USD Jun 2022

United States Pending Home Sales YoY
The Pending Home Sales Index, 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. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.
Actual Previous Highest Lowest Dates Unit Frequency
-19.96 -13.84 52.70 -33.10 2002 - 2022 percent Monthly
Volume Index, SA

News Stream
US Pending Home Sales Fall in September
The number of signed contracts to buy existing homes in the US were down 2.3% in September, partially reversing from an 8.1% surge in August and much worse than market forecasts of a flat reading. “Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity. It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year. Some potential buyers have momentarily paused their home search with intentions to resume in 2022", said Lawrence Yun, NAR’s chief economist. Sales fell in the Northeast (-3.2%), the Midwest (-3.5%), the South (-1.8%) and the West (-1.4%).
Pending Home Sales Rebound
The number of signed contracts to buy existing homes in the US jumped 8.1% in August compared to the previous month, rebounding after two months of declines, and pushing the index to its highest level in seven months due to higher inventory and slightly more favorable prices. All regions recorded an improvement. Still, year over year the sales declined 8.3%, the third consecutive fall with the activity falling the most in the Northeast region."Rising inventory and moderating price conditions are bringing buyers back to the market. Affordability, however, remains challenging as home price gains are roughly three times wage growth. Such an imbalance in the market is unsustainable over the long-term", said Lawrence Yun, NAR's chief economist.
US Pending Home Sales Fall for 2nd Month
Pending home sales in the US were down 8.5% yoy in July of 2021, a second consecutive drop, amid limited supply. All four regions saw transactions decrease year-over-year. Compared to the previous month, pending sales dropped 1.8%, compared to market forecasts of a 0.4% rise. Only the West region registered a month-over-month gain in contract activity, while the other three major regions reported drops. "The market may be starting to cool slightly, but at the moment there is not enough supply to match the demand from would-be buyers. That said, inventory is slowly increasing and home shoppers should begin to see more options in the coming months", said Lawrence Yun, NAR's chief economist.