The National Association of Realtors is reporting that pending home sales dropped 0.4% in July, 2025 but were up 0.7% year over year. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 71.7 in July. However, the NAR says buyers still remain hesitant:
“Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant…Buying a home is often the most expensive purchase people will make in their lives. This means that going under contract is not a decision home buyers make quickly. Instead, people take their time to ensure the timing and home are right for them.” Said the NAR’s Chief Economist Lawrence Yun.
Click here to read the full report at the NAR.
