Housing Snapshot: Pending Home Sales - January 2025

The National Association of REALTORS® (NAR) reported an overall pending home sales index of 70.6 in January 2025, reflecting a 4.6% decrease from the previous month. Regionally, the South had the highest index at 81.0, although it saw a significant month-over-month decline of 9.2%. The Midwest stood at 72.8, down 2.0% from December. The Northeast showed a slight improvement, with a 0.3% increase, bringing its index to 63.4. Meanwhile, the West experienced a 1.2% drop, resulting in an index of 57.6.