Pending Home Sales Rose 3.3% in November

Washington, DC, January 2, 2026-Pending home sales in November jumped by 3.3% from the prior month and 2.6% year over year, according to the National Association of Realtors Pending Home Sales Report, released January 29, 2025. 

Year over year, pending home sales rose 2.6%.

November's Realtors Confidence Index survey shows that 22% of NAR members expect an increase in buyer traffic over the next three months, up from 17% in October and down from 24% one year ago. Meanwhile, 18% expect an increase in seller traffic, up from 16% last month and down from 22% in November 2024.

"Homebuyer momentum is building. The data shows the strongest performance of the year after accounting for seasonal factors, and the best performance in nearly three years, dating back to February 2023," said NAR chief economist Lawrence Yun. "Improving housing affordability–driven by lower mortgage rates and wage growth rising faster than home prices–is helping buyers test the market. More inventory choices compared to last year are also attracting more buyers to the market."