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Pending Home Sales

Down 2.4

Latest News

After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January.

Read the full news release.

Next release: Pending Home Sales for September 2016 will be released on Thursday, October 27, 2016 at 10:00 a.m. Eastern.

The Pending Home Sales Index (PHS), 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.

Data

Monthly Index

The monthly index covers the past 12 months for the nation and four regions. The data includes seasonally adjusted as well as not seasonally adjusted figures.

For printing: PHSI Overview Chart (PDF: 17 KB)

For database work: PHSI Overview Chart (MS Excel: 38 KB)

Forecast

U.S. Economic Outlook (PDF: 284 KB)

Seasonally-Adjusted Historical Files

Each February, in conjunction with the release of final data for the previous calendar year, NAR Research conducts a normal review of seasonal activity and fine-tunes historic data for the past three years based on the most recent findings. For example, in data posted in February 2016 revisions have been made to the monthly seasonally adjusted pending sales index for 2013 through 2015; most revisions are minor with little or no impact on previous characterizations of the overall market.

Seasonally-Adjusted Historical Files (MS Excel: 34 KB)

Historical Information

Historical data can be purchased in the REALTOR® Store.

 

Questions?

 

If you have questions about this data, please email them to data@realtors.org.

In this section

Next Release

Thursday, October 27, 2016.

NAR Research Data Release Dates

August Pending Home Sales

In this video, NAR Chief Economist Lawrence Yun discusses the effects of price growth and low inventory on pending home sales, and gives his forecast for the rest of the year.