Pending Home Sales

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Pending home sales decreased modestly in May and have now fallen on an annualized basis for the fifth straight month, according to the National Association of Realtors®.

Read the full news release.

Next release: Pending Home Sales for June 2018 will be released on Monday, July 30, 2018 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 June 2018 will be released on Monday, July 30, 2018 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.

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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.

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Monthly Index

Forecast

Historical Information

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Pending home sales decreased modestly in May and have now fallen on an annualized basis for the fifth straight month.

In this video, NAR Chief Economist Lawrence Yun talks about strong buyer demand, and low inventory which may be eased by rising housing starts.

After two straight months of modest increases, pending home sales dipped in April to their third-lowest level over the past year.

In this video, NAR Chief Economist Lawrence Yun talks about factors that contributed to the decline in pending home sales in April 2018.

In April 2018, pending sales were up slightly year-over-year in the South, but were down in the rest of the country, with the Northeast taking the biggest hit at -7.0%.

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