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.