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Pending Home Sales

-5.5%

Latest News

Pending home sales in July 2024 fell 5.5%, with all four regions of the U.S. posting monthly losses in transactions. Year-over-year, the Northeast rose while the Midwest, South and West registered declines.

According to NAR Chief Economist Lawrence Yun, "A sales recovery did not occur in midsummer. The positive impact of job growth and higher inventory could not overcome affordability challenges and some degree of wait-and-see related to the upcoming U.S. presidential election."

Read the full news release.

Next release: Pending Home Sales for August 2024 will be released on Thursday, September 26, 2024 at 10 a.m. Eastern.

The Pending Home Sales Index (PHS), 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. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two.

Pending Home Sales for August 2024 will be released on Thursday, September 26, 2024, at 10 a.m. Eastern.

The NAR Public Affairs Office issues a news release on or near the 20th of each month with the latest existing-home sales figures. The releases include analysis and quotes by NAR's Chief Economist Lawrence Yun regarding the sales volume, prices, inventory and interest rates.

NAR Research Data Release Dates

Pending Home Sales data are provided by NAR solely for use as a reference. No part of the data may be reproduced, stored in a retrieval system, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without NAR's prior written consent for those who are not members of NAR.

Members of the media who need copies of previous months' pending home sales news releases can contact the NAR media communications team at 202-383-7515.

Data

Citation guidelines for NAR research and statistics

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Monthly Index

The monthly index covers the past 12 months for the nation and four regions. The data includes seasonally adjusted as well as not seasonally adjusted figures.

PHS Overview (PDF: 221 KB)

Quarterly Forecast

Quarterly U.S. Economic Outlook Forecast (PDF: 128 KB)

Historical Information

Historical data can be purchased in the REALTOR® Store.

Questions?

If you have questions about this data, please email them to data@nar.realtor. 

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