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In October 2025, month-over-month pending home sales rose in the Northeast, Midwest and South, and declined in the West. Year-over-year pending home sales increased in the Midwest and South, and decreased in the Northeast and West.

According to NAR Chief Economist Lawrence Yun, “The Midwest shined above other regions due to better affordability, while contract signings retreated in the more expensive West region. Days on the market typically lengthen from November through February, providing better negotiating power to buyers during the holiday season."

"Job gains in September, following the data blackout, are reassuring and suggest the economy is not slipping into a recession," Yun added. "This may boost confidence in future homebuying."

Read the full news release.

Next release: Pending Home Sales for November 2025 will be released on Monday, December 29, 2025 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 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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Pending Home Sales for November 2025 will be released on Monday, December 29, 2025, 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