US Pending Home Sales Fall in June

Posted on July 16, 2026

On Thursday, 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—fell 5.4% month-over-month in June. Year-over-year, pending sales were down 0.3%.

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

The regional breakdown is as follows:

  • The Northeast PHSI fell 3.0% month-over-month but rose 2.2% year-over-year.
  • The Midwest index rose 8.9% month-over-month but fell 0.3% year-over-year.
  • The South PHSI fell 4.1% month-over-month and 0.9% year-over-year.
  • The West index fell 4.7% month-over-month and 1.1% year-over-year.
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