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Pending Home Sales

Down 1.3

Latest News

The supply shortages that are boosting home prices in many metro areas caused pending home sales in May to slump for the third consecutive month.

Read the full news release.

Next release: Pending Home Sales for June 2017 will be released on Monday, July 31, 2017 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 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.

For printing: PHSI Overview Chart (PDF: 17 KB)

For database work: PHSI Overview Chart (MS Excel: 38 KB)


U.S. Economic Outlook (PDF: 26 KB)

Seasonally-Adjusted Historical Files

Each year, the National Association of Realtors revises Seasonal Adjustment Factors and Seasonally Adjusted Annual Rate data with the February release of revised (final) December data. Data affected by this Annual Seasonal Factor revision includes national and regional data for: 

  • Seasonally Adjusted Pending Home Sales Index 

In the Annual Seasonal Factor revision, seasonally adjusted data and components affected by seasonally adjusted data for the past 3 years is revised (i.e. the 2017 release of revised December 2016 data will include revisions for 2014, 2015, and 2016). 

Revision data files from last year are currently available: 
Seasonally-Adjusted Historical Files (MS Excel: 31 KB)

Historical Information

Historical data can be purchased in the REALTOR® Store.



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

In this section

Next Release

Pending Home Sales for June 2017 will be released on Monday, July 31, 2017 at 10:00 a.m. Eastern.

NAR Research Data Release Dates

May Pending Home Sales

In this video, NAR Chief Economist Lawrence Yun talks about May pending home sales, low inventory of homes for sale, short market times, rise in prices, and the lack of affordable homes.