Pending home sales in the US fell 0.5 percent year-on-year in February of 2021, following an upwardly revised 13.5 percent rise in January. It is the first decline since May as interest rates edged up and supply was near all-time lows. On a monthly basis, pending home sales shrank 10.6 percent, the second consecutive month of declines. "The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift but contracts are not clicking due to record-low inventory. Only the upper-end market is experiencing more activity because of reasonable supply. Demand, interestingly, does not yet appear to be impacted by recent modest rises in mortgage rates", said Lawrence Yun, NAR's chief economist. source: National Association of Realtors

Pending Home Sales in the United States averaged 1.16 percent from 2002 until 2021, reaching an all time high of 30.90 percent in October of 2009 and a record low of -33.60 percent in April of 2020. This page provides the latest reported value for - United States Pending Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Pending Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Pending Home Sales in the United States is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Pending Home Sales in the United States to stand at 1.70 in 12 months time. In the long-term, the United States Pending Home Sales is projected to trend around 1.70 percent in 2022, according to our econometric models.

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United States Pending Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 13.50 30.90 -33.60 2002 - 2021 percent Monthly
Volume Index, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-30 03:00 PM Nov 16.4% 20.4% 17.5%
2021-01-29 03:00 PM Dec 21.4% 16.6% 17%
2021-02-25 03:00 PM Jan 13% 20.8% 18%
2021-03-31 02:00 PM Feb -0.5% 13.5% 9.5%
2021-04-29 02:00 PM Mar -0.5% -0.9%
2021-05-27 02:00 PM Apr
2021-06-30 02:00 PM May
2021-07-29 02:00 PM Jun


News Stream
Pending Home Sales Fall for 1st Time in 9 Months
Pending home sales in the US fell 0.5 percent year-on-year in February of 2021, following an upwardly revised 13.5 percent rise in January. It is the first decline since May as interest rates edged up and supply was near all-time lows. On a monthly basis, pending home sales shrank 10.6 percent, the second consecutive month of declines. "The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift but contracts are not clicking due to record-low inventory. Only the upper-end market is experiencing more activity because of reasonable supply. Demand, interestingly, does not yet appear to be impacted by recent modest rises in mortgage rates", said Lawrence Yun, NAR's chief economist.
2021-03-31
US Pending Home Sales Slow
Contracts to buy previously owned homes in the US increased 13 percent from a year earlier in January of 2021, following a downwardly revised 20.8 percent rise in December, as interest rates remained at historically low levels and supply was near all-time lows. All four regions saw a rise in transactions with two reaching double-digit gains. On a monthly basis, pending home sales declined by 2.8 percent as inventory constraints continue to hold back prospective buyers. The South was the lone region with a modest gain from the month prior, while transactions in the other three regions decreased.
2021-02-25
US Pending Home Sales Surge 21% in December
Contracts to buy previously owned homes in the US jumped 21.4 percent from a year earlier in December of 2020, following an upwardly revised 16.6 percent rise in November, as interest rates remained at historically low levels and supply was near all-time lows. Contract signings were up double-digits in all four regions. On a monthly basis, pending home sales declined for a fourth straight month, but were still a record high for December.
2021-01-29
US Pending Home Sales Rise at Slower Pace
Contracts to buy previously owned homes in the US rose 16.4 percent from a year earlier in November 2020, following a 20.2 percent increase in October, as interest rates remained at historically low levels and supply was near all-time lows. Contract signings were up double-digits in all four regions. On a monthly basis, pending home sales declined for a third straight month, but were still a record high for November.
2020-12-30

United States Pending Home Sales
Pending Home Sales Index is based on sales of existing homes where the contract has been signed but the transaction has not been closed. The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined.