Contracts to buy previously owned homes in the US jumped 20.2 percent year over year in October, following a 20.8 percent rise in September as mortgage rates and the inventory of homes for sale remain at historic lows. At the same time, pending home sales went down 1.1 percent compared to the previous month, defying forecasts of a 1 percent gain, and marking the second straight month of declines as demand slowed due to high asking prices and low availability. Contract activity was mixed among four major US regions, with the only positive month-over-month growth happening in the South, although each region achieved year-over-year gains in pending home sales transactions. source: National Association of Realtors

Pending Home Sales in the United States averaged 0.97 percent from 2002 until 2020, reaching an all time high of 30.90 percent in October of 2009 and a record low of -33.80 percent in April of 2020. This page provides the latest reported value for - United States Pending Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Pending Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Pending Home Sales in the United States is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Pending Home Sales in the United States to stand at 4.00 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around 1.70 percent in 2021, according to our econometric models.

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United States Pending Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
20.20 20.80 30.90 -33.80 2002 - 2020 percent Monthly
Volume Index, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-27 02:00 PM Jul 15.5% 5.6% 4%
2020-09-30 02:00 PM Aug 24.2% 15.5% 10%
2020-10-29 02:00 PM Sep 20.5% 24.3% 17%
2020-11-30 03:00 PM Oct 20.2% 20.8% 18.1%
2020-12-30 03:00 PM Nov 20.2% 21.5%
2021-01-29 03:00 PM Dec 17%
2021-02-25 03:00 PM Jan
2021-03-31 02:00 PM Feb


News Stream
US Pending Home Sales Slows Down
Contracts to buy previously owned homes in the US jumped 20.2 percent year over year in October, following a 20.8 percent rise in September as mortgage rates and the inventory of homes for sale remain at historic lows. At the same time, pending home sales went down 1.1 percent compared to the previous month, defying forecasts of a 1 percent gain, and marking the second straight month of declines as demand slowed due to high asking prices and low availability. Contract activity was mixed among four major US regions, with the only positive month-over-month growth happening in the South, although each region achieved year-over-year gains in pending home sales transactions.
2020-11-30
US Pending Home Sales Annual Growth Remains Strong
Contracts to buy previously owned homes in the US jumped surged 20.5 percent over a year earlier in September of 2020, following a 24.3 percent rise in August. On a monthly basis however, pending home sales dropped 2.2 percent, compared to forecasts of a 3.4 percent gain, and after four consecutive months of contract activity growth. While all four major regions recorded notable year-over-year increases, only the Northeast achieved month-over-month gains. "The demand for home buying remains super strong, even with a slight monthly pullback in September, and we're still likely to end the year with more homes sold overall in 2020 than in 2019. With persistent low mortgage rates and some degree of a continuing jobs recovery, more contract signings are expected in the near future", " Lawrence Yun, NAR's chief economist said.
2020-10-29
US Pending Home Sales Surge by Double Digits for 2nd Month
Contracts to buy previously owned homes in the US jumped surged 24.2 percent over a year earlier in August of 2020, following a 15.5 percent rise in July. On a monthly basis, pending home sales went up 8.8 percent, beating forecasts of a 3.4 percent gain. Each of the four major regions saw gains in both month-over-month and year-over-year pending home sales transactions. “Tremendously low mortgage rates – below 3% – have again helped pending home sales climb in August," said Lawrence Yun, NAR’s chief economist. "Additionally, the Fed intends to hold short-term fed funds rates near 0% for the foreseeable future, which should in the absence of inflationary pressure keep mortgage rates low, and that will undoubtably aid homebuyers continuing to enter the marketplace."
2020-09-30
US Pending Home Sales Continue to Rise
Contracts to buy previously owned homes in the US jumped 15.5 percent over a year earlier in July of 2020, following a downwardly revised 5.3 percent rise in the previous month. It is the biggest gain since April of 2012 as the housing market is recovering from the coronavirus crisis. On a monthly basis, pending home sales went up 5.9 percent, beating forecasts of a 3 percent gain. Each of the four major regions saw gains in both month-over-month and year-over-year pending home sales transactions. “We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Lawrence Yun, NAR’s chief economist.
2020-08-27

United States Pending Home Sales
Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed. The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined.