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Pending Home Sales

The Pending Home Sales (PHS) index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops.

About the Index

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. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing Home Sales by a month or two.

Video: PHS Slow in October

NAR Chief Economist Lawrence Yun talks about pending home sales, which declined in October but remained at a healthy level of activity and are above year-over-year levels for the second straight month. Watch the video.