by Calculated Risk on 8/28/2025 10:00:00 AM

From the NAR: NAR Pending Home Sales Report Shows 0.4% Decrease in July

Pending home sales decreased by 0.4% in July from the prior month and rose 0.7% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. ...

Month-Over-Month
0.4% decrease in pending home sales
Declines in the Midwest and Northeast; essentially flat in the South; gains in the West

Year-Over-Year
0.7% increase in pending home sales
Increase in Midwest and South; decline in Northeast and West
emphasis added

Note: Contract signings usually lead sales by about 45 to 60 days, so this would usually be for closed sales in August and September.