US Pending Home Sales Rise in March

Posted on April 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—rose 1.5% in March. Year-over-year, pending sales were down 1.1%.

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

The regional breakdown is as follows:

  • The Northeast PHSI rose 4.4% month-over-month but fell 6.5% year-over-year.
  • The Midwest index fell 1.3% month-over-month and was down 3.1% year-over-year.
  • The South PHSI rose 3.9% month-over-month and increased 2.3% year-over-year.
  • The West index fell 2.6% month-over-month and declined 1.7% year-over-year.
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