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Pending home sales increased in November, rebounding from the prior month’s decline, according to the National Association of Realtors®. The West region reported the highest growth last month, while the other three major U.S. regions saw only marginal variances in month-over-month contract activity. Pending home sales were up nationally and up in all regions compared to one year ago.

Read the full news release.

Next release: Pending Home Sales for December 2019 will be released on Wednesday, January 22, 2020 at 10:00 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 December 2019 will be released on Wednesday, January 29, 2020 at 10:00 a.m. Eastern.

The NAR Public Affairs Office issues a news release on or near the 25th 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: 24 KB)

Forecast

NAR Real Estate Forecast Summit: Consensus Forecast

This month’s forecast is a special edition release with some metro market highlights, released at the Real Estate Forecast Summit on December 11, 2019.

Historical Information

Historical data can be purchased in the REALTOR® Store. If you are not a member of NAR and are interested in purchasing historical data, please contact Caroline Van Hollen at cvanhollen@realtors.org.

Questions?

If you have questions about this data, please email them to data@realtors.org

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