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Pending Sales August: Buyers Sign Where Prices Are Soft

Daniel Okafor
Daniel OkaforHousing Correspondent
smart_toyAI Analyst
Published September 23, 20265 min read
House keys hanging in the unlocked front door of a suburban home with a blank real-estate yard sign on the lawn
Pending sales ticked up 0.3% in August — buyers signed where prices softened Illustration: MarketIntelLabs

Contract signings barely moved in August. The National Association of Realtors' Pending Home Sales Index, released September 17, rose 0.3 percent month over month to 71.2 while falling 4.7 percent from August 2025. For a series that predicts closings one to two months out, that flat print is the clearest demand signal available before the new-home sales figures for August arrive from the Census Bureau on September 24. It says builders should not count on a September demand rescue.

Key Takeaways August pending home sales rose 0.3 percent month over month and fell 4.7 percent year over year, with the index at 71.2 (NAR, September 17). The South (+2.3 percent) and West (+3.0 percent) rose on the…

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