Washington, D.C. — 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.
The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales under contract.
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.”
June 2026 national pending home sales
5.4% decrease month-over-month, 0.3% decrease year-over-year
June 2026 regional pending home sales
Northeast: 3.0% decrease month-over-month, 2.2% increase year-over-year
Midwest: 8.9% decrease month-over-month, 0.3% increase year-over-year
South: 4.1% decrease month-over-month, 0.9% decrease year-over-year
West: 4.7% decrease month-over-month, 1.1% decrease year-over-year
At the local level, several markets posted notable year-over-year gains in pending home sales.
Among the 50-largest metro areas, the following 10 markets posted the biggest annual increases in pending home sales, according to data from Realtor.com Economics:
Virginia Beach-Chesapeake-Norfolk, VA-NC (+15.4%)Sacramento-Roseville-Folsom, CA (+15.2%)Kansas City, MO-KS (+14.4%)Richmond, VA (+14.0%)Buffalo-Cheektowaga, NY (+12.1%)
Austin-Round Rock-San Marcos, TX (+11.1%)San Francisco-Oakland-Fremont, CA (+10.7%)Los Angeles-Long Beach-Anaheim, CA (+9.6%)Miami-Fort Lauderdale-West Palm Beach, FL (+9.5%)St. Louis, MO-IL (+9.1%)