US Pending Home Sales Decline in September

Posted on October 21, 2026

On Tuesday, the National Association of Realtors (NAR) reported that its Pending Home Sales Index (PHSI)—based on signed contracts for existing single-family homes, condominiums, and co-ops—declined 7.3% in September. Year-over-year, pending sales were down 11.3%.

An index of 100 corresponds to the level of contract activity in 2001.

Pending home sales declined month-over-month and year-over-year in all four major US regions. The West recorded the largest monthly decrease, followed by the South, Midwest, and Northeast.

The regional breakdown is as follows:

  • The Northeast PHSI declined 4.2% and 9.4% year-over-year.
  • The Midwest index fell 6.5% and 8.7% year-over-year.
  • The South PHSI decreased 8.2% and 12.0% year-over-year.
  • The West index declined 9.2% and 15.0% year-over-year.
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