U.S. pending home sales fell 7.3% month over month and 11.3% year over year in September 2026, according to NAR's October 20, 2026 release.
A sale is pending once the contract is signed and before the transaction closes. The index tracks contract activity for existing single-family homes, condos and co-ops. Closings usually follow within one or two months; financing, inspection or appraisal issues can change the timing.
For an owner buying or selling a home, the practical question is where the specific transaction stands and when the property will be available for its next use.
Three checks for the property calendar
- Record milestones: Keep the signing date, target closing date and current transaction stage together.
- Confirm next steps: Check financing, inspection and appraisal progress with the transaction team.
- Align availability: Coordinate advertised availability with confirmed handover arrangements and any preparation work.
Source: NAR, published October 20, 2026; data period: September 2026, compared with August 2026 and September 2025. https://www.nar.realtor/newsroom/pending-home-sales-decreased-7-3-percent-in-september
Definitions and methodology: https://www.nar.realtor/research-and-statistics/housing-statistics/pending-home-sales/methodology
