Pending home sales in the United States rose 2.2% month-over-month in November 2024, above forecasts of a 0.7% increase and following a downwardly revised 1.8% advance in October. Across major US regions, the Midwest, South, and West experienced month-over-month gains in transactions, while the Northeast decreased. Year-over-year, contract signings increased in all four regions, with the West leading the pack. According to NAR Chief Economist Lawrence Yun, "Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory. Buyers are no longer waiting for or expecting mortgage rates to fall substantially.". source: National Association of Realtors

Pending Home Sales MoM in the United States increased to 2.20 percent in November from 1.80 percent in October of 2024. Pending Home Sales MoM in the United States averaged 0.02 percent from 2001 until 2024, reaching an all time high of 40.50 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 January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-27 03:00 PM
Pending Home Sales MoM
Oct 2% 7.5% -2% -4.1%
2024-12-30 03:00 PM
Pending Home Sales MoM
Nov 2.2% 1.8% 0.7% 0.9%
2025-01-30 03:00 PM
Pending Home Sales MoM
Dec 2.2% 0.3%


Related Last Previous Unit Reference
Existing Home Sales 4150.00 3960.00 Thousand Nov 2024
Existing Home Sales MoM 4.80 3.40 percent Nov 2024
Pending Home Sales YoY 6.90 5.40 percent Nov 2024
Pending Home Sales MoM 2.20 1.80 percent Nov 2024
Existing Home Sales Prices 406100.00 406800.00 USD Nov 2024
Total Housing Inventory 1330.00 1370.00 Thousands Nov 2024

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
2.20 1.80 40.50 -30.30 2001 - 2024 percent Monthly
SA


News Stream
US Pending Home Sales Rise More Than Expected
Pending home sales in the United States rose 2.2% month-over-month in November 2024, above forecasts of a 0.7% increase and following a downwardly revised 1.8% advance in October. Across major US regions, the Midwest, South, and West experienced month-over-month gains in transactions, while the Northeast decreased. Year-over-year, contract signings increased in all four regions, with the West leading the pack. According to NAR Chief Economist Lawrence Yun, "Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory. Buyers are no longer waiting for or expecting mortgage rates to fall substantially."
2024-12-30
US Pending Home Sales Unexpectedly Rise
Pending home sales in the United States increased 2% month-over-month in October 2024, following an upwardly revised 7.5% surge in September, and beating forecasts of a 2% drop. All four major US regions experienced month-over-month gains in transactions, with the Northeast leading the way with a 4.7% rise. Pending home sales increased 0.9% in the South, 0.2% in the West and 4% in the Midwest. "Homebuying momentum is building after nearly two years of suppressed home sales. Even with mortgage rates modestly rising despite the Federal Reserve's decision to cut the short-term interbank lending rate in September, continuous job additions and more housing inventory are bringing more consumers to the market", said NAR Chief Economist Lawrence Yun.
2024-11-27
US Pending Home Sales Surge in September
Pending home sales in the United States soared by 7.4% form the previous month in September of 2024, accelerating sharply from the 0.6% increase in August and well above market expectations of a 1.1% expansion to mark the largest increase since January 2023. From the corresponding period of the previous year, pending home sales advanced by 2.6%. According to NAR Chief Economist Lawrence Yun, "Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady."
2024-10-30