Realtors remain confident that sales will rebound, pointing to rising mortgage applications despite a 0.8% June decline nationwide.

WASHINGTON – Pending home sales decreased by 0.8% in June from the prior month and 2.8% year-over-year, according to the National Association of Realtors® Pending Home Sales report. The report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales under contract.

Month-over-month and year-over-year pending sales declined in the Midwest, South and West. In the Northeast, pending sales rose month-over-month but remained flat year-over-year. The Realtors® Confidence Index shows a 4% and 6% year-over-year increase in homebuyer and seller traffic, respectively.

"The data shows a continuation of small declines in contract signings despite inventory in the market increasing. Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country," said NAR Chief Economist Lawrence Yun.

"The Realtors Confidence Index shows early indications of potential contract signings increasing moving forward. Realtors are optimistic that homebuying and selling activity will increase. That confidence is supported by the fact that mortgage applications have been rising."

June 2025 national pending home sales

0.8% decrease month-over-month
2.8% decrease year-over-year

June 2025 regional pending home sales
Northeast

2.1% increase month-over-month
Unchanged year-over-year

Midwest

0.8% decrease month-over-month
0.9% decrease year-over-year

South

0.7% decrease month-over-month
2.9% decrease year-over-year

West

3.9% decrease month-over-month
7.3% decrease year-over-year

The percent of change in pending home sales is based on the Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on home-contract signings. An index of 100 is equal to the level of contract activity in 2001.

© 2025 National Association of Realtors® (NAR)