Pending Home Sales

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Pending home sales rose slightly in September and saw substantial increases in both the West and Midwest.

Next release: Pending Home Sales for October 2018 will be released on Thursday, November 29, 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 October 2018 will be released on Thursday, November 29, 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.

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.

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In this video, NAR Chief Economist Lawrence Yun talks about September pending home sales, regional variation, buyer interest, affordability, and rising rents.

In September 2018, pending home sales were down -1.0 percent year-over-year.

Pending home sales fell slightly in August and have now decreased on an annual basis for eight straight months.

In this video, NAR Chief Economist Lawrence Yun talks about August pending home sales, the price-inventory relationship, rising mortgage rates and job creation, and gives his forecast for the rest of 2018 and into 2019.

In this video, NAR Chief Economist Lawrence Yun talks about June pending home sales, job growth, buyer interest, affordability, and market values.

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