+2.5%
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Pending home sales in December 2022 improved for the first time since May. Month-over-month, contract signings fell in the Northeast and Midwest but climbed in the South and West. Pending sales declined in all regions compared to one year ago.
Next release: Pending Home Sales for January 2023 will be released on Monday, February 27, 2023 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.