28 September 2022

Pending Home Sales

The total number of homes that went pending following the contingency period. A sales is considered “pending” if all contingencies have been met and the buyer and seller are moving toward closing.

At this point, it’s unlikely the sale will fall through, and the buyer or seller risk losing the earnest money if they walk out on the deal at this point. Excludes homes that were on the market longer than 90 days due to outlier status.