U.S. pending home sales declined -0.8% MoM and -0.4% YoY in January, signaling still-muted contract activity.

• MoM: Midwest +5.0% and West +4.3% rose, while Northeast -5.7% and South -4.5% fell, showing mixed regional momentum within a small national decline.

• YoY: South +4.0% and West +0.3% increased, but Northeast -8.3% and Midwest -3.3% declined, indicating uneven annual recovery across regions.

• Mortgage rates near 6% newly qualify about 5.5M households, with roughly 10% potentially entering the market, suggesting gradual demand support rather than immediate buying.

• Limited housing supply could push prices higher if new buyers become active, highlighting affordability pressures despite improving qualification conditions.

• Largest metro YoY gains included Phoenix +11.8%, Boston +10.7%, and Charlotte +10.7%, showing localized strength despite soft national totals.

• The Housing for the 21st Century Act passage signals policy efforts to expand supply and address housing shortages, tied to broader affordability trends.

U.S. pending home sales fell -9.3% MoM and -3.0% YoY in December 2025, reversing recent improvement in contract signings.

• The National Pending Home Sales Index declined -9.3% MoM, the largest one-month drop since April 2020, indicating a broad-based pullback in new contracts.

• On a YoY basis, pending sales were down -3.0%, as gains in the South were more than offset by declines in the Northeast, Midwest, and West.

• Regional detail: Northeast -11.0% MoM and -3.6% YoY, showing both a sharp monthly drop and a continued annual decline.

• Midwest -14.9% MoM and -9.8% YoY, the largest declines across regions on both a monthly and annual basis.

• South -4.0% MoM but +2.0% YoY, standing out as the only region with positive annual growth despite a monthly contraction.

• West -13.3% MoM and -5.1% YoY, reflecting a sizable monthly pullback alongside a weaker annual trend.

• Inventory was cited at 1.18M homes in December, matching the lowest level of 2025, suggesting limited listings alongside softer contract activity.

• Realtor confidence metrics for December closings showed median time on market at 39 days (vs 36 prior month; 35 a year earlier), first-time buyers at 29% (vs 30%; 31%), and investor/second-home share at 18% (flat MoM; up from 16% YoY).

U.S. pending home sales rose +3.3% MoM (vs +1.0% MoM expected) and +2.6% YoY in November 2025, marking the strongest activity in nearly three years.

• The National Pending Home Sales Index increased +3.3% MoM and +2.6% YoY, indicating broad-based improvement in contract signings compared with both October and November 2024, according to the National Association of REALTORS.

• All four regions posted gains on both a MoM and YoY basis, showing synchronized regional improvement rather than isolated strength.

• The Northeast rose +1.8% MoM and +1.8% YoY, reflecting modest but balanced growth across both time horizons.

• The Midwest increased +1.3% MoM and +2.2% YoY, indicating steady annual gains alongside a smaller monthly advance.

• The South recorded a +2.4% MoM increase and a +3.3% YoY gain, marking the strongest YoY growth among regions.

• The West jumped +9.2% MoM and rose +2.4% YoY, standing out for its sharp monthly rebound while maintaining positive annual growth.

• Buyer traffic expectations improved, with 22% of REALTORS® expecting higher buyer traffic over the next three months, up from 17% in October but below 24% one year earlier, while seller traffic expectations rose to 18% from 16% last month but remained below 22% a year ago.

US pending home sales rose 1.9% MoM (vs 0.5% MoM expected) in October 2025 but were down -0.4% YoY, reflecting modest monthly improvement alongside a still-soft annual trend.

• The Northeast increased +2.3% MoM but declined -1.0% YoY, showing mixed momentum as annual activity remained slightly negative.

• The Midwest posted a strong +5.3% MoM rise and +0.9% YoY gain, marking the only region with consistent monthly and annual improvement.

• The South rose +1.4% MoM and +2.0% YoY, indicating steady activity supported by better affordability relative to coastal markets.

• The West fell -1.5% MoM and -7.0% YoY, continuing to lag other regions amid higher prices and weaker contract signings.

• Buyer traffic expectations softened, with 17 percent of REALTORS® expecting higher demand over the next three months (down from 20 percent), while seller traffic expectations slipped to 16 percent (from 19 percent).

• The report noted that longer days on market from November to February typically improve buyer negotiating leverage, while recent job gains may help support future homebuying sentiment.

Pending home sales were unchanged MoM and down -0.9% YoY in September 2025, reflecting mixed regional trends amid improving mortgage rates and rising housing inventory.

• The Northeast rose +3.1% MoM and +0.5% YoY, showing modest growth and outperforming other regions.

• The Midwest declined -3.4% MoM and -1.5% YoY, marking the weakest regional performance on both measures.

• The South increased +1.1% MoM and +0.9% YoY, extending steady gains in both monthly and annual comparisons.

• The West slipped -0.2% MoM and -5.3% YoY, continuing its sharpest year-over-year contraction among regions.

• NAR’s Confidence Index showed 20% of members expect higher buyer traffic in the next three months (vs 19% last month), while 19% expect higher seller traffic (unchanged MoM).

• Inventory reached a five-year high, giving buyers more options and greater leverage in price negotiations.

• NAR noted that mortgage rates have fallen to a one-year low and are trending toward three-year lows, which could aid affordability, though a government shutdown may temporarily slow sales activity.

Pending home sales rose +4.0% MoM (vs +0.3% MoM expected) and +3.8% YoY in August 2025, marking a solid rebound supported by lower mortgage rates and improving affordability.

• The Northeast declined -1.1% MoM but gained +2.6% YoY, showing weakness on the month but better annual comparisons.

• The Midwest surged +8.7% MoM and +6.7% YoY, the strongest performing region, driven by affordability advantages.

• The South increased +3.1% MoM and +4.2% YoY, maintaining steady momentum in both measures.

• The West rose +5.0% MoM and +0.2% YoY, reflecting sharp monthly gains but nearly flat annual growth.

• NAR’s survey showed 19% of members expect higher buyer traffic (up from 16% last month), while 19% expect higher seller traffic (down from 21% last month but above 18% a year ago).

Pending home sales fell -0.4% MoM in July 2025 but were up +0.7% YoY, showing modest year-over-year improvement despite regional divergences.

• The Northeast saw sales decline -0.6% MoM and -0.6% YoY, marking weakness on both measures.

• The Midwest dropped -4.0% MoM but was up +1.3% YoY, reflecting a sharper monthly fall but better annual momentum.

• The South was essentially flat (-0.1% MoM) but gained +1.8% YoY, showing steady improvement.

• The West rose +3.7% MoM but declined -1.9% YoY, highlighting short-term strength amid softer annual comparisons.

• NAR’s survey showed 16% of members expect higher buyer traffic (unchanged YoY), while 21% expect higher seller traffic, up from 17% last year.

Pending home sales fell -0.8% MoM and -2.8% YoY in June 2025, with contract activity declining in most regions despite improving inventory and rising mortgage applications.

• The West led the declines with sales down -3.9% MoM and -7.3% YoY, followed by the South (-0.7% MoM, -2.9% YoY) and Midwest (-0.8% MoM, -0.9% YoY).
• The Northeast was the only region with MoM growth (+2.1%) and held flat YoY.
• Homebuyer traffic rose 4% YoY and seller traffic increased 6% YoY, according to the REALTORS Confidence Index.
• NAR noted potential for a rebound, citing stronger homebuying sentiment and rising mortgage applications.

Pending home sales rose 1.8% MoM (vs -0.3% MoM expected) and 1.1% YoY in May 2025, with all four US regions posting monthly gains and mixed annual trends.

• The West led MoM growth at 6.0% but was down -1.2% YoY; the Northeast rose 2.1% MoM and fell -0.5% YoY.
• The Midwest edged up 0.3% MoM and 2.6% YoY, while the South rose 1.0% MoM and 2.0% YoY.
• The national increase reflects steady job gains and rising wages, though affordability remains constrained by mortgage rate volatility.
• The South continues to benefit from higher inventory and job creation, while tight supply in the Northeast is pushing prices above list for many homes.