September Pending Home Sales Flat with August, Down 0.9% YOY

Washington, DC, October 29, 2025-Pending home sales in September showed no change from the prior month and fell 0.9% year over year, according to the National Association of Realtors Pending Home Sales Report. 

Month-over-month and year-over-year pending home sales rose in the Northeast and South but declined in the Midwest and West.

September's Realtors Confidence Index survey shows that 20% of NAR members expect an increase in buyer traffic over the next three months, up slightly from 19% last month and down slightly from 21% one year ago. Meanwhile, 19% expect an increase in seller traffic, unchanged from last month and down slightly from 20% in September 2024.

"Contract signings matched the second-strongest pace of the year. However, signings have yet to fully reach the level needed for a healthy market despite mortgage rates reaching a one-year low," said NAR chief economist Lawrence Yun. "A record-high stock market and growing housing wealth in September were not enough to offset a likely softening job market."