Pending Home Sales MoM is the monthly change in the Pending Home Sales Index (PHSI), a gauge of signed housing contracts. The National Association of Realtors (NAR, a United States property group) builds it from pending contracts for existing single-family homes, condos and co-ops. A contract counts as pending when a seller accepts it, excluding new construction, and 100 equals average base period activity. It is a leading indicator (an early signal) of completed resales, because most pendings close within 1 to 2 months.
Each release covers contracts signed and recorded as pending during 1 calendar month and arrives about 28 days after that month ends. Releases arrive each month toward the end of the following month, with the date shifting around weekends and holidays. Each release shows national and 4 regional index levels with monthly and yearly rates, plus highlights and commentary. Headline changes use the seasonally adjusted (adjusted for normal seasonal swings) series, with the newest month preliminary and the prior month revised.
The national move sums 4 regional contract trends, shaped by mortgage rates, supply, jobs, income and prices.
A single region can rise while the headline falls, so the national aggregate can hide regional splits. A reading above 100 means stronger activity than the base period average, while below 100 means weaker activity. The index still leads future closings, so direction matters for housing demand.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 17, 2026 | 0.30 | 2.00 | -1.70 |
| Aug 18, 2026 | -2.60 | 0.30 | -2.90 |
| Jul 16, 2026 | -4.80 | -0.50 | -4.30 |
| Jun 17, 2026 | 3.80 | 0.80 | +3.00 |
| May 19, 2026 | 0.30 | 1.00 | -0.70 |
| Apr 21, 2026 | 1.70 | 0.10 | +1.60 |
| Mar 17, 2026 | 1.80 | -0.50 | +2.30 |
| Feb 19, 2026 | -0.80 | 1.30 | -2.10 |
| Jan 21, 2026 | -9.30 | -0.30 | -9.00 |
| Dec 29, 2025 | 3.30 | 1.00 | +2.30 |
| Nov 25, 2025 | 1.90 | 0.50 | +1.40 |
| Oct 29, 2025 | 0.00 | 1.60 | -1.60 |
| Sep 29, 2025 | 4.00 | 0.30 | +3.70 |
| Aug 28, 2025 | -0.40 | -0.10 | -0.30 |
| Jul 30, 2025 | -0.80 | 0.30 | -1.10 |
| Jun 26, 2025 | 1.80 | -0.30 | +2.10 |
| May 29, 2025 | -6.30 | -0.90 | -5.40 |
| Apr 30, 2025 | 6.10 | 1.00 | +5.10 |
| Mar 27, 2025 | 2.00 | 1.50 | +0.50 |
| Feb 27, 2025 | -4.60 | -1.30 | -3.30 |
| Jan 30, 2025 | -5.50 | -0.30 | -5.20 |
| Dec 30, 2024 | 2.20 | 0.70 | +1.50 |
| Nov 27, 2024 | 2.00 | -2.00 | +4.00 |
| Oct 30, 2024 | 7.40 | 1.10 | +6.30 |
| Sep 26, 2024 | 0.60 | 0.30 | +0.30 |
| Aug 29, 2024 | -5.50 | 0.40 | -5.90 |
| Jul 31, 2024 | 4.80 | 1.50 | +3.30 |
| Jun 27, 2024 | -2.10 | 2.50 | -4.60 |
| May 30, 2024 | -7.70 | -0.60 | -7.10 |
| Apr 25, 2024 | 3.40 | 0.30 | +3.10 |
| Mar 28, 2024 | 1.60 | 1.50 | +0.10 |
| Feb 29, 2024 | -4.90 | 1.00 | -5.90 |
| Jan 26, 2024 | 8.30 | 1.50 | +6.80 |
| Dec 28, 2023 | 0.00 | 1.00 | -1.00 |
| Nov 30, 2023 | -1.50 | -2.00 | +0.50 |
| Oct 26, 2023 | 1.10 | -1.80 | +2.90 |
| Sep 28, 2023 | -7.10 | -0.80 | -6.30 |
| Aug 30, 2023 | 0.90 | -0.60 | +1.50 |
| Jul 27, 2023 | 0.30 | -0.50 | +0.80 |
| Jun 29, 2023 | -2.70 | -0.50 | -2.20 |
| Apr 27, 2023 | -5.20 | 0.50 | -5.70 |
| Mar 29, 2023 | 0.80 | -2.30 | +3.10 |
| Feb 27, 2023 | 8.10 | 1.00 | +7.10 |
| Jan 27, 2023 | 2.50 | -0.90 | +3.40 |
| Dec 28, 2022 | -4.00 | -0.80 | -3.20 |
| Nov 30, 2022 | -4.60 | -5.00 | +0.40 |
| Oct 28, 2022 | -10.20 | -5.00 | -5.20 |
| Sep 28, 2022 | -2.00 | -1.40 | -0.60 |
| Aug 24, 2022 | -1.00 | -4.00 | +3.00 |
| Jul 27, 2022 | -8.60 | -1.50 | -7.10 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Aug 18, 2026 | -2.30 | -2.60 | -0.30 ↓ |
| Jul 16, 2026 | -5.40 | -4.80 | +0.60 ↑ |
| May 19, 2026 | 1.40 | 0.30 | -1.10 ↓ |
| Apr 21, 2026 | 1.50 | 1.70 | +0.20 ↑ |
Key point: A pending contract is not a completed sale: most close within 1 to 2 months, some never close, and new construction is excluded.
