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United States Pending Home Sales

Last Release
Oct 2021
Actual
-1.4 %
Forecast
-3 %
Previous
-8.2 %
Frequency
Monthly
Units In
%
Next Release
Jan 27, 2022
Time to Release
8 Days 18 Hours
Highest
Lowest
Average
Date Range
Source
51.7 %
Apr 2021
-33.8 %
Apr 2020
1.38 %2002 - 2021National Association of Realtors
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.

Latest Updates

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%).

United States Pending Home Sales History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Oct 28, 202114:09US Pending Home Sales Fall in September
Sep 29, 202114:06Pending Home Sales Rebound
Aug 30, 202114:07US Pending Home Sales Fall for 2nd Month
Jul 29, 202114:10US Pending Home Sales Unexpectedly Fall

United States housing Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Building Permits
1,712
Nov 2021
1,653
Oct 2021
513
Mar 2009
2,419
Dec 1972
ThousandMonthly1960 - 2021
Case Shiller Home Price Index
279.54
Oct 2021
274.99
Aug 2021
100
Jan 2000
279.54
Oct 2021
pointsMonthly2000 - 2021
Construction Spending
0.4
Nov 2021
0.2
Oct 2021
-4.8
Feb 1975
5.9
Apr 1978
%Monthly1964 - 2021
Existing Home Sales
6,340
Oct 2021
6,290
Sep 2021
1,370
Mar 1970
7,250
Sep 2005
ThousandMonthly1968 - 2021
Home Ownership Rate
65.4
Sep 2021
65.4
Jun 2021
62.9
Jun 2016
69.2
Dec 2004
%Quarterly1965 - 2021
Housing Index
351.68
Aug 2021
1.4
Jul 2021
-1.8
Nov 2008
351.68
Aug 2021
pointsMonthly1991 - 2021

Pending Home Sales across North America

Pending Home Sales global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
United States
-1.4
Oct 2021
-8.2
Sep 2021
-33.8
Apr 2020
51.7
Apr 2021
%Monthly2002 - 2021

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