economy
January 21, 2026
Pending home sales drop sharply in December, dampening 2026 outlook
There were just 1.18 million homes on the market in December, down 9% from November, and matching the lowest inventory level of 2025.
TL;DR
- Pending home sales decreased by 9.3% in December compared to November.
- Sales were 3% lower than in December of the previous year.
- Mortgage rates remained stagnant around 6.25% for the 30-year fixed loan.
- Housing inventory was at 1.18 million homes in December, down 9% from November and matching the lowest level of the previous year.
- Homes spent an average of 39 days on the market in December, longer than the 35 days in December of the previous year.
- Sales fell month-to-month in all regions of the U.S.
- Sales were higher annually only in the South.
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