Pending Home Sales Increased 2.5% in December, Ending Six-Month Slide

Posted On February 17, 2023


by Webmaster

  • Pending home sales improved for the first time since May, up 2.5% from November.
  • Month-over-month, contract signings fell in the Northeast and Midwest but climbed in the South and West.
  • Pending sales declined in all regions compared to one year ago.

Pending home sales increased in December for the first time since May 2022 — following six consecutive months of declines — according to the National Association of Realtors®. The Northeast and Midwest recorded month-over-month reductions, while the South and West posted monthly gains. All four U.S. regions saw year-over-year decreases in transactions, with the West experiencing the largest decline at 37.5%.

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