Pending Home Sales Drop 7.3% in September

Oct 21, 2026

Pending home sales fell 7.3% in September from August and 11.3% from September 2025, with declines in all four U.S. regions, according to the National Association of Realtors' Pending Home Sales report.

“Market conditions weakened in September due to fast-rising mortgage rates,” said NAR Chief Economist Dr. Lawrence Yun. “Although job growth and income gains can support home purchases, housing affordability is more affected by changes in mortgage rates.”

Read the full report here.

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