The number of pending home sales in the U.S. declined dramatically in the fourth quarter of 2021. In March 2024, the pending home sales index stood at 78.2 index points, just 8.2 index points above its lowest value recorded in April 2020 when the COVID-19 pandemic struck. The slowdown in buying activity was triggered by the aggressive mortgage interest rates hikes in response to the rising inflation. As it takes around four to eight weeks to finalize a home sale in the United States, the Pending Home Sales Index (PHSI) index is seen as a measure of consumer sentiment on buying a house and essentially provides an early outlook on what the actual sales of existing homes in the country might potentially look like.

Existing Home Sales in the United States increased to 4260 Thousand in February from 4090 Thousand in January of 2025. This dataset provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Housing Inventory: Pending Listing Count in the United States (PENLISCOUUS) from Jul 2016 to Feb 2025 about pending, listing, and USA.

The number of U.S. home sales in the United States declined in 2023, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2023, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes are expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Only 15 percent of U.S. renters could afford to become homeowners and in metros with highly competitive housing markets such as Los Angeles, CA, and Urban Honolulu, HI, this share was below five percent. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 387,000 U.S. dollars in 2023 and was forecast to increase slightly until 2025. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

United States Pending Home Sales Index: US data was reported at 87.700 2001=100 in Sep 2018. This records a decrease from the previous number of 110.000 2001=100 for Aug 2018. United States Pending Home Sales Index: US data is updated monthly, averaging 101.400 2001=100 from Jan 2006 (Median) to Sep 2018, with 153 observations. The data reached an all-time high of 140.700 2001=100 in Apr 2010 and a record low of 54.800 2001=100 in Dec 2007. United States Pending Home Sales Index: US data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s United States – Table US.EB004: Pending Home Sales Index.

Graph and download economic data for Housing Inventory: Pending Listing Count in Florida (PENLISCOUFL) from Jul 2016 to Feb 2025 about pending, FL, listing, and USA.

Graph and download economic data for Housing Inventory: Pending Listing Count in California (PENLISCOUCA) from Jul 2016 to Feb 2025 about pending, CA, listing, and USA.

Graph and download economic data for Existing Home Sales (EXHOSLUSM495S) from Feb 2024 to Feb 2025 about headline figure, sales, housing, and USA.

This dataset provides values for PENDING HOME SALES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

United States Pending Sales: All Residential: California data was reported at 36,197.000 Unit in Jul 2020. This records an increase from the previous number of 30,987.000 Unit for Jun 2020. United States Pending Sales: All Residential: California data is updated monthly, averaging 27,678.000 Unit from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 36,197.000 Unit in Jul 2020 and a record low of 16,638.000 Unit in Dec 2012. United States Pending Sales: All Residential: California data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB045: Pending Home Sales: by States.

United States Pending Home Sales Index: sa: Annual Rate: South data was reported at 122.900 2001=100 in May 2018. This records a decrease from the previous number of 127.300 2001=100 for Apr 2018. United States Pending Home Sales Index: sa: Annual Rate: South data is updated monthly, averaging 114.061 2001=100 from Jan 2001 (Median) to May 2018, with 209 observations. The data reached an all-time high of 138.691 2001=100 in Aug 2005 and a record low of 82.900 2001=100 in May 2010. United States Pending Home Sales Index: sa: Annual Rate: South data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB004: Pending Home Sales Index.

The number of home sales in the United States peaked in 2021 at almost seven million after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to 4.8 million. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

Graph and download economic data for Housing Inventory: Pending Listing Count Year-Over-Year in Los Angeles County, CA (PENLISCOUYY6037) from Jul 2017 to Dec 2024 about pending; Los Angeles County, CA; Los Angeles; CA; listing; and USA.

United States Pending Sales: All Residential: San Francisco, CA data was reported at 1,165.000 Unit in Jul 2020. This records an increase from the previous number of 1,008.000 Unit for Jun 2020. United States Pending Sales: All Residential: San Francisco, CA data is updated monthly, averaging 1,015.500 Unit from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 1,412.000 Unit in May 2013 and a record low of 445.000 Unit in Apr 2020. United States Pending Sales: All Residential: San Francisco, CA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB046: Pending Home Sales: by Metropolitan Areas.

United States Pending Home Sales Index: Northeast data was reported at 67.900 2001=100 in Sep 2018. This records a decrease from the previous number of 96.700 2001=100 for Aug 2018. United States Pending Home Sales Index: Northeast data is updated monthly, averaging 84.300 2001=100 from Jan 2006 (Median) to Sep 2018, with 153 observations. The data reached an all-time high of 143.900 2001=100 in May 2017 and a record low of 37.800 2001=100 in Dec 2008. United States Pending Home Sales Index: Northeast data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s USA – Table US.EB004: Pending Home Sales Index.

United States Pending Sales: sa: All Residential: Coldwater, MI data was reported at 18.168 Unit in Jul 2020. This records a decrease from the previous number of 22.009 Unit for Jun 2020. United States Pending Sales: sa: All Residential: Coldwater, MI data is updated monthly, averaging 20.289 Unit from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 32.928 Unit in Sep 2017 and a record low of 6.304 Unit in Sep 2014. United States Pending Sales: sa: All Residential: Coldwater, MI data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB047: Pending Home Sales: by Metropolitan Areas: Seasonally Adjusted.

United States Pending Sales: All Residential: Pennsylvania data was reported at 12,004.000 Unit in Jul 2020. This records an increase from the previous number of 10,492.000 Unit for Jun 2020. United States Pending Sales: All Residential: Pennsylvania data is updated monthly, averaging 6,236.500 Unit from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 12,004.000 Unit in Jul 2020 and a record low of 2,922.000 Unit in Feb 2012. United States Pending Sales: All Residential: Pennsylvania data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB045: Pending Home Sales: by States.

Graph and download economic data for Housing Inventory: Pending Listing Count in New Jersey (PENLISCOUNJ) from Jul 2016 to Feb 2025 about pending, NJ, listing, and USA.

United States Pending Sales: sa: All Residential: New Orleans, LA data was reported at 1,198.244 Unit in Jul 2020. This records an increase from the previous number of 1,044.048 Unit for Jun 2020. United States Pending Sales: sa: All Residential: New Orleans, LA data is updated monthly, averaging 566.553 Unit from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 1,200.354 Unit in Apr 2019 and a record low of 216.671 Unit in Aug 2012. United States Pending Sales: sa: All Residential: New Orleans, LA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB047: Pending Home Sales: by Metropolitan Areas: Seasonally Adjusted.

Graph and download economic data for Housing Inventory: Pending Listing Count in Vermont (PENLISCOUVT) from Jul 2016 to Feb 2025 about pending, VT, listing, and USA.