WASHINGTON, July 30, 2025 (GLOBE NEWSWIRE) -- Pending home sales decreased by 0.8% in June from the prior month and 2.8% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. The Report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales under contract.
Month-over-month and year-over-year pending sales declined in the Midwest, South, and West. In the Northeast, pending sales rose month-over-month but remained flat year-over-year. The REALTORS® Confidence Index shows a 4% and 6% year-over-year increase in homebuyer and seller traffic, respectively.
“The data shows a continuation of small declines in contract signings despite inventory in the market increasing. Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country,” said NAR Chief Economist Lawrence Yun.
“The Realtors® Confidence Index shows early indications of potential contract signings increasing moving forward. Realtors® are optimistic that homebuying and selling activity will increase. That confidence is supported by the fact that mortgage applications have been rising.”
June 2025 National Pending Home Sales
- 0.8% decrease month-over-month
- 2.8% decrease year-over-year
June 2025 Regional Pending Home Sales
Northeast
- 2.1% increase month-over-month
- Unchanged year-over-year
Midwest
- 0.8% decrease month-over-month
- 0.9% decrease year-over-year
South
- 0.7% decrease month-over-month
- 2.9% decrease year-over-year
West
- 3.9% decrease month-over-month
- 7.3% decrease year-over-year
The percent of change in pending home sales is based on the Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on home-contract signings. An index of 100 is equal to the level of contract activity in 2001.
About the National Association of Realtors®
The National Association of Realtors® is involved in all aspects of residential and commercial real estate. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor.
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*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
Pending contracts are good early indicators of upcoming sales closings. However, the amount of time between pending contracts and completed sales is not identical for all home sales. Variations in the length of the process from pending contract to closed sale can be caused by issues such as buyer difficulties with obtaining mortgage financing, home inspection problems, or appraisal issues.
The index is based on a sample that covers about 40% of multiple listing service data each month. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.
An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined. By coincidence, the volume of existing-home sales in 2001 fell within the range of 5.0 to 5.5 million, which is considered normal for the current U.S. population.
NOTE: Existing-Home Sales for June will be reported on July 23. The next Pending Home Sales Index will be released on July 30. All release times are 10 a.m. Eastern. View the NAR Statistical News Release Schedule.
Information about NAR is available at nar.realtor. This and other news releases are posted in the newsroom at nar.realtor/newsroom. Statistical data in this release, as well as other tables and surveys, are posted in the “Research and Statistics” tab.
National Association of REALTORS® media@nar.realtor