Pending home sales in the United States soared 8.3% month-over-month in December 2023, beating forecasts of a 1.5% increase, and rebounding from a revised 0.3% fall in November. It marks the first increase in three months and the strongest performance since June 2020, with sales rising in the Midwest, South and West while the Northeast recorded a loss in transactions. "The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand", said Lawrence Yun, NAR chief economist. Yun added that "home sales are projected to rise significantly in each of the next two years as the market steadily returns to normal sales activity". source: National Association of Realtors
Pending Home Sales MoM in the United States increased to 8.30 percent in December from -0.30 percent in November of 2023. Pending Home Sales MoM in the United States averaged 0.01 percent from 2001 until 2023, reaching an all time high of 40.50 percent in May of 2020 and a record low of -30.30 percent in May of 2010. This page includes a chart with historical data for the United States Pending Home Sales MoM. United States Pending Home Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on February of 2024.