United States Pending Home Sales MoM

Pending home sales in the United States fell by 0.8% from the previous month in May of 2025, missing market expectations of a 0.3% increase and after a 1.8% rise in April. Pending sales declined in the Midwest (-0.8%), South (-0.7%), and West (-3.9%), but rose in the Northeast (2.1%). According to NAR Chief Economist Lawrence Yun, "The data shows a continuation of small declines in contract signings despite inventory in the market increasing. Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country."