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.
