Pending home sales in the US declined 1.9% yoy in June of 2021, the first drop in 4 months, due to rising prices. Only the Northeast region saw an annual increase in contract signings. On a monthly basis, pending home sales also declined 1.9%, after a record 8.3% gain in May. "Pending sales have seesawed since January, indicating a turning point for the market. Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat. The moderate slowdown in sales is largely due to the huge spike in home prices. The Midwest region offers the most affordable costs for home and hence that region has seen better sales activity compared to other areas in recent months", said Lawrence Yun, NAR's chief economist. source: National Association of Realtors
Pending Home Sales in the United States averaged 1.51 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 August of 2021.
Pending Home Sales in the United States is expected to be 4.00 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 is projected to trend around 1.70 percent in 2022, according to our econometric models.