US Pending Home Sales Rise in April

Posted on May 19, 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—rose 1.4% month-over-month in April. Year-over-year, pending sales were up 3.2%.

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

The regional breakdown is as follows:

  • The Northeast PHSI rose 6.6% but fell 0.6% from April 2025.
  • The Midwest index increased 3.0% and rose 2.7% year-over-year.
  • The South PHSI declined 0.7% but was up 4.7% from April last year.
  • The West index increased 0.4% and rose 3.8% year-over-year.
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