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.