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Pending Home Sales January Of 2026

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Industry Observer CDRE #01044712

On February 19, 2026, National Association of Realtors® (NAR) reported that nationwide pending contract signed home sales down 0.8% in January of 2026 from December of 2025, and lower 0.4% from January of 2025.

Pending home sales index in the Northeast declined 4.5% in January of 2026 from December 2025, but gained 4.5% from January of 2025.

Pending home sales index in the Midwest rose 5.0% in January of 2026 from December 2025, but decreased 3.3% from January of 2025.

Pending home sales index in the South declined 9.2% in January of 2026 from December 2025, and dropped 8.8% from January of 2025.

Pending home sales index in the West jumped 4.3% in January of 2026 from December 2025, but up 0.3% from January of 2025.

Lawrence Yun, NAR chief economist, stated  “With mortgage rates nearing 6%, an additional 5.5 million households that could not qualify for a mortgage one year ago would qualify at today’s lower rates. Most newly qualifying households do not act immediately, but based on past experience, about 10% could enter the market—potentially adding roughly 550,000 new homebuyers this year compared with last year.

For complete information, on National Association of Realtors's January of 2026 pending home sales report, please click HERE

Posted by

John Pusa

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Office (818) 441-8881

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Comments(4)

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Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Thanks for sharing Market update John!!!

On February 19, 2026, National Association of Realtors® (NAR) reported that nationwide pending contract signed home sales down 0.8% in January of 2026 from December of 2025, and lower 0.4% from January of 2025.

Mar 02, 2026 05:38 AM
John Pusa

Hello Sham Reddy CRS glad you find the report very helpful. Thank you for the comment.

Mar 03, 2026 06:58 AM
Ed Silva, 203-206-0754
203-206-0754 - Waterbury, CT
Retired Real Estate Broker

I can tell you exactly why home sales declined in the Northeast, almost 3 feet of snow.

Mar 02, 2026 05:51 AM
John Pusa

Hello Ed Silva, 203-206-0754 you are right, 3 feet snow can discourage people to buy a home. Thank you for the comment.

Mar 03, 2026 07:00 AM
Gwen Fowler SC Lakes & Mountains 864-710-4518
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

John, I agree with your perspective on pendings.

In many markets, a pending sale can carry almost as much weight as a closed comparable when pricing, especially if it went under contract quickly and near list price. It reflects current buyer behavior in real time, whereas sold data can already be thirty to sixty days old.

The regional breakdown you shared also reinforces how local conditions matter more than national headlines. Pricing strategy has to consider what buyers are doing now, not just what they did last quarter.

Thoughtful analysis tying national data back to practical valuation.

Mar 02, 2026 06:07 AM
John Pusa

Hello Gwen Fowler SC Lakes & Mountains 864-710-4518 glad you find the report very valuable. Thank you for the comment.

Mar 03, 2026 07:01 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Monday morning, John. Have a great day and a very productive week.

Mar 02, 2026 06:27 AM
John Pusa

Hello Roy, have a great day and a productive week too. Thank you for the comment.

Mar 03, 2026 07:01 AM