Skip navigation

Economic Calendar Terms

Pending Home Sales Index

National Association of Realtors
430 North Michigan Avenue
Chicago, IL. 60611-4087

The Pending Home Sales Index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity from 2001 through 2004 closely parallels the level of closed existing-home sales in the following two months.