Pending home sales decreased by 0.4% in July from the prior month but rose 0.7% year-over-year, according to the National Association of REALTORS® Pending Home Sales Report. Sales declined in the Northeast and West but increased in the Midwest and South. The REALTORS® Confidence Index survey shows 16% expect an increase in buyer traffic, while 21% expect an increase in seller traffic. NAR Chief Economist Lawrence Yun notes that buyers remain hesitant despite improvements in mortgage rates and inventory. Rising mortgage applications indicate more serious buyers in the market, with potential for lower interest rates to increase eligible homebuyers.

In July 2025, national pending home sales saw a 0.4% decrease month-over-month and a 0.7% increase year-over-year. Regional data shows varying trends, with the West seeing a 3.7% increase month-over-month but a 1.9% decrease year-over-year. The Northeast had a 0.6% decrease in both categories, while the Midwest saw a 4.0% decrease month-over-month but a 1.3% increase year-over-year. The South had a 0.1% decrease month-over-month but a 1.8% increase year-over-year. These figures are based on the Pending Home Sales Index, a leading indicator for the housing sector.

Read more at GlobeNewswire: NAR Pending Home Sales Report Shows 0.4% Decrease in July