US Real Estate

US Pending Home Sales Rise 4 Percent in August, Reversing July Decline

The month-over-month figure represents a significant reversal from July’s 0.4 percent decline and exceeds the consensus estimate of a 0.3 percent increase.
US Pending Home Sales Rise 4 Percent in August, Reversing July Decline
A sale pending sign is posted in front of a home for sale in San Anselmo, Calif., on March 18, 2022. Justin Sullivan/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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U.S. pending home sales rose 4 percent month-over-month in August, a significant reversal from July’s 0.4 percent decline and well above the consensus estimate of a 0.3 percent increase, according to a Sept. 29 report from the National Association of Realtors (NAR).

Pending home sales rose 3.8 percent year-over-year in August, according to the report, which tracks national data on homes under contract.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.