The number of signed contracts to buy existing homes in the US declined by 1.2 percent in March of 2022, following a revised 4.1 percent drop in February but missing market consensus of a 1.6 percent decline. It was the fourth straight monthly decline and pushing contracts to the lowest level since May 2020 as higher mortgage rates and house prices started to weigh on the demand. Pending home sales declined in the South, Midwest and West but rose in the Northeast. source: National Association of Realtors

Pending Home Sales MoM in the United States averaged 0.13 percent from 2001 until 2022, reaching an all time high of 41.90 percent in May of 2020 and a record low of -30.30 percent in May of 2010. This page includes a chart with historical data for the United States Pending Home Sales MoM. United States Pending Home Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

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United States Pending Home Sales MoM



Related Last Previous Unit Reference
Pending Home Sales -8.20 -5.40 percent Mar 2022
Existing Home Sales 5610.00 5750.00 Thousand Apr 2022
Pending Home Sales MoM -1.20 -4.00 percent Mar 2022
Single Family Home Prices 375300.00 357300.00 USD Mar 2022

United States Pending Home Sales MoM
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
-1.20 -4.00 41.90 -30.30 2001 - 2022 percent Monthly
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News Stream
Pending Home Sales Drop for Fifth Month
The number of signed contracts to buy existing homes in the US declined by 1.2 percent in March of 2022, following a revised 4.1 percent drop in February but missing market consensus of a 1.6 percent decline. It was the fourth straight monthly decline and pushing contracts to the lowest level since May 2020 as higher mortgage rates and house prices started to weigh on the demand. Pending home sales declined in the South, Midwest and West but rose in the Northeast.
2022-04-27
Pending Home Sales Drop for Fourth Month
The number of signed contracts to buy existing homes in the US declined by 4.1% in February of 2022, following an upwardly revised 5.8% drop in January and surprising analysts that expected it to rebound by 1%. It was the fourth straight monthly decline, amid a persistent shortage of properties and as higher mortgage rates and house prices started to weigh on the demand. Pending home sales declined in the South, Midwest and West but rose in the Northeast.
2022-03-25
US Pending Home Sales Slide Most in 11 Months
The number of signed contracts to buy existing homes in the US plunged 5.7% from a month earlier to 109.5 in January of 2022, marking a three-month drop in transactions and the sharpest drop since February 2021. Analysts were expecting it to rise 1%. Contract signings dropped in three of the four major US regions, led by a 12.1% plunge in the Northeast, while the West posted the only gain. All four areas declined in year-over-year activity.
2022-02-25