U.S. Home Sales Recovery Did Not Occur This Summary as Expected, Says NAR In July 2024, pending home sales dropped by 5.5%, as reported by the National Association of Realtors. All four U.S. regions experienced monthly declines in transactions. Compared to last year, the Northeast saw an increase, while the Midwest, South, and West showed decreases. The Pending Home Sales Index (PHSI), which forecasts...