Pending home sales in the US were unchanged in April 2023, after a 5.2% slump in March which was the biggest decline since November 2022, and missing market expectations of a 1% rise. Sales sank 11.3% in the Northeast, offsetting increases in the Midwest (3.6%), the South (0.1%) and the West (4.7%). "Not all buying interests are being completed due to limited inventory. Affordability challenges certainly remain and continue to hold back contract signings, but a sizeable increase in housing inventory will be critical to get more Americans moving", said NAR Chief Economist Lawrence Yun. source: National Association of Realtors

Pending Home Sales MoM in the United States averaged 0.02 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 June of 2023.

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United States Pending Home Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 02:00 PM Mar -5.2% 0% 0.5% 0.3%
2023-05-25 02:00 PM Apr 0% -5.2% 1% 1.4%
2023-06-29 02:00 PM May


Related Last Previous Unit Reference
Pending Home Sales -20.30 -23.20 percent Apr 2023
Existing Home Sales 4280.00 4430.00 Thousand Apr 2023
Pending Home Sales MoM 0.00 -5.20 percent Apr 2023
Single Family Home Prices 388800.00 375400.00 USD Apr 2023

United States Pending Home Sales MoM
The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a "pending home sale." The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 -5.20 40.50 -30.30 2001 - 2023 percent Monthly
SA

News Stream
US Pending Home Sales Disappoint
Pending home sales in the US were unchanged in April 2023, after a 5.2% slump in March which was the biggest decline since November 2022, and missing market expectations of a 1% rise. Sales sank 11.3% in the Northeast, offsetting increases in the Midwest (3.6%), the South (0.1%) and the West (4.7%). "Not all buying interests are being completed due to limited inventory. Affordability challenges certainly remain and continue to hold back contract signings, but a sizeable increase in housing inventory will be critical to get more Americans moving", said NAR Chief Economist Lawrence Yun.
2023-05-25
US Pending Home Sales Unexpectedly Fall
Pending home sales in the US fell by 5.2% month-over-month in March 2023, the first decline since November 2022 and missing market expectations of a 0.5% growth. Pending home sales declined in the Northeast (-8.1%), in the Midwest (-10.7%) and the West (-8%) but rose in the South (0.2%). “The lack of housing inventory is a major constraint to rising sales," said NAR Chief Economist Lawrence Yun. "Multiple offers are still occurring on about a third of all listings, and 28% of homes are selling above list price. Limited housing supply is simply not meeting demand nationally."
2023-04-27
US Pending Home Sales Rise for 3rd Month
Pending home sales in the US were up 0.8% month-over-month in February of 2023 to the highest level since August, following an 8.1% jump in January and beating market forecasts of a 2.3% fall. Sales rose for a third consecutive month, in a sign the housing sector’s contraction is coming to an end. Pending home sales were up in the Northeast (6.5%), the South (0.7%) and the Midwest (0.4%), but fell in the West (-2.4%). “Mortgage rates have improved in recent weeks after the federal government guaranteed the status of most mortgages amidst uncertainty in the financial market. While access to commercial mortgage loans could become increasingly difficult, residential mortgage loans are expected to be more readily available”, said NAR Chief Economist Lawrence Yun.
2023-03-29