10/05/2026
USA Pending Home Sales Edge up 0.3%
Pending home sales across the US edged up 0.3% mid-Q3—a modest gain that’s worth a closer look, especially for those of us navigating today’s complex real estate landscape. While monthly contract activity showed a slight uptick, we’re still seeing activity down about 5% year-over-year as buyers grapple with higher mortgage rates.
What stands out to me is that, even with borrowing costs on the rise, buyers are still stepping forward to sign contracts. That resilience is partly fueled by job growth and rising incomes, which have helped soften the impact of climbing home prices. Yet, contract signings remain sluggish compared to pre-pandemic years—currently running about 30% below those levels. For anyone eyeing the market, these pending sales numbers act as a valuable early indicator of where things might head next.
Back in 2021, when mortgage rates dipped near 3%, we saw a surge in contracts—a pace we haven’t matched since. Because pending contracts typically close within a month or two (barring delays like financing or inspections), I always keep a close eye on these shifts for my clients in Park and Big Horn counties. It’s these early signals that help shape thoughtful, well-timed decisions, whether you’re planning a move, an investment, or just keeping tabs on our Northwest Wyoming market. As always, I’m here to provide transparent guidance and the local expertise you can trust.
