Pending Home Sales Down 5.4% in June, 0.3% YOY

Washington, DC, July 16, 2026—Pending home sales in June decreased by 5.4% month-over-month and 0.3% year-over-year, according to the National Association of Realtors Pending Home Sales report. 

Month-over-month pending home sales declined in all four major U.S. regions. Year-over-year pending home sales increased in the Northeast and Midwest but declined in the South and West.

“The highest mortgage rates in nearly a year and the record-high national median home price together are contributing to a tepid housing market that is especially difficult for first-time homebuyers,” said NAR chief economist Dr. Lawrence Yun. “However, job gains can help support housing demand.”

“It is worth emphasizing that it is closing activity, not contract signings, that generates economic impact. Pending contracts are only suggestive of upcoming closed deals and do not align perfectly, due to fallout rates and contract contingencies.”