Latest News

After seeing a modest three-month rise in activity, pending home sales cooled considerably in January to their lowest level in over three years.

Read the full news release.

Next release: Pending Home Sales for Feburary 2018 will be released on Wednesday, March 28, 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 Febuary 2018 will be released on Wednesday, March 28, 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.


Monthly Index

The monthly index covers the past 12 months for the nation and four regions. The data includes seasonally adjusted as well as not seasonally adjusted figures.

PHS Overview (PDF: 23 KB)


U.S. Economic Outlook (PDF: 68 KB)

Historical Information

Historical data can be purchased in the REALTOR® Store.


If you have questions about this data, please email them to


NAR's forward-looking pending home sales index slipped 4.4 percent in December, signaling a loss of momentum in contract signings, but the easing seems to be more about inventory shortages than weak demand, NAR Chief Economist Lawrence Yun says.

Find a NAR Tech Edge Event Near You

Learn the latest business technology skills and trends changing the real estate industry, and walk out with action items to build your business.