Housing Snapshot: Pending Home Sales - November 2024

In November 2024, the National Association of REALTORS® (NAR) reported a pending home sales index of 79.0, reflecting a 2.2% increase compared to the previous month. Regionally, the South saw the strongest growth with a 5.2% month-over-month (MoM) increase, bringing the index to 94.5. The Midwest showed a modest increase of 0.4%, reaching 78.1, while the Northeast experienced a slight decline of 1.3%, bringing its index to 67.8. The West saw a small uptick of 0.5%, reaching an index of 64.3.