Pending Home Sales MoM in the United States increased to 0.70 percent in May from -4 percent in April of 2022. Pending Home Sales MoM in the United States averaged 0.11 percent from 2001 until 2022, reaching an all time high of 41.90 percent in May of 2020 and a record low of -30.30 percent in May of 2010. 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. When a seller accepts a sales contract on a property, it is recorded into a Multiple Listing Service (MLS) as a “pending home sale.” The majority of pending home sales become home sale transactions, typically one to two months later. The National Association of Realtors collects pending home sales data from MLSs and large brokers. Altogether, data from over 100 MLSs & 60 large brokers is received providing a large sample size covering 50% of the existing home sales sample. This is equal to 20 percent of all transactions. This page includes a chart with historical data for the United States Pending Home Sales MoM.
🏄 𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗯𝘆 𝗦𝘂𝗿𝗳𝗶𝗻𝗴 𝗪𝗮𝘃𝗲𝘀!