WASHINGTON — The National Association of Realtors (NAR) has reported that national pending home sales in November jumped 3.3% from October and 2.6% year over year.
NAR’s Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
According to the report, pending home sales rose in the Northeast, Midwest, South and West, with gains in all four regions month over month and year over year. The report complements the November REALTORS Confidence Index survey showing that 22% of NAR members expect to see an increase in buyer traffic over the next three months, up from 17% in October. Additionally, 18% of NAR members surveyed expect an increase in seller traffic, up from 16% last month.
“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.”
Following is a full breakdown of the statistics cited in the report.
November 2025 National Pending Home Sales
- 3.3% increase month over month
- 2.6% increase year over year
November 2025 Regional Pending Home Sales
Northeast
- 1.8% increase month over month
- 1.8% increase year over year
Midwest
- 1.3% increase month over month
- 2.2% increase year over year
South
- 2.4% increase month over month
- 3.3% increase year over year
West
- 9.2% increase month over month
- 2.4% increase year over year
The Existing-Home Sales for December will be reported on January 14. The next Pending Home Sales Index will be released on January 21.
