Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week
U.S. pending home sales fell 1.5% week-over-week for the second straight week, reversing a four-week streak of gains. Mortgage rates hit a 10-month high of 6.75% last week, pushing the median monthly housing payment to $2,637, the highest level in 11 months.
Key figures
- Months of supply
- 3.4
- Median sale price
- 398768
- Median days on market
- 40
- Pending sales yoy pct
- 4.7
- Median monthly payment
- 2637
- Avg sale to list ratio pct
- 98.9
- Mortgage rate 30yr daily avg
- 6.61
- New listings four week total
- 368522
- Mortgage rate 30yr weekly avg
- 6.51
- Pending sales four week total
- 336818
- Share listings price drops pct
- 18.9
- Active listings four week total
- 1492893
- Share homes sold above list pct
- 27.5
- Share homes off market 2weeks pct
- 39.3
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.