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Pending Home Sales

Down 2.8

Latest News

Insufficient supply levels led to a lull in contract activity in the Midwest and West, bringing pending home sales to their lowest level in a year.

Read the full news release.

Next release: Pending Home Sales for February 2017 will be released on Wednesday, March 29, 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.

Data

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)

Forecast

U.S. Economic Outlook (PDF: 285 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.

 

Questions?

If you have questions about this data, please email them to data@realtors.org.

In this section

Next Release

Pending Home Sales for February 2017 will be released on Wednesday, March 29, 2017 at 10:00 a.m. Eastern.

NAR Research Data Release Dates

January Pending Home Sales

In this video, NAR Chief Economist Lawrence Yun discusses January pending home sales, job growth and affordability, and gives his forecast for 2017 housing market.