Pending Home Sales

-1.5%

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Pending home sales fell 1.5% in October 2023, with the West, Midwest and South posting month-over-month losses in transactions and the Northeast experiencing gains. All four U.S. regions had year-over-year declines in transactions. High mortgage rates and limited housing inventory kept housing demand from being fully satisfied.

Read the full news release.

Next release: Pending Home Sales for November 2023 will be released on Thursday, December 28, 2023 at 10 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 November 2023 will be released on Thursday, December 28, 2023 at 10 a.m. Eastern.

The NAR Public Affairs Office issues a news release on or near the 20th 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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