The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The Pending Home Sales Index measures housing contract activity and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Since a contract is usually signed weeks before a sale is finalized, this index is a leading indicator for Existing Home Sales. It offers a timely look at the health of the residential real estate market.
Compiled by the National Association of Realtors (NAR) based on a large sample of pending sales from Multiple Listing Services. It tracks the number of homes that have gone under contract but have not yet closed.
No historical data available