Pending Home Sales Flat In September, Lower Than Expected

**NAR Pending Home Sales Index Hits Five-Month High in August**

The National Association of Realtors (NAR) pending home sales index surged to its highest level in five months, reaching 74.7 in August. This figure represents a significant 4.0% increase from July, far exceeding the expected monthly rise of 0.2%. Additionally, the index is up 3.8% compared to the same time last year, indicating positive momentum in the housing market.

According to Freddie Mac, the average 30-year fixed-rate mortgage in September 2025 stood at 6.35%, marking the lowest level seen in a year. This decline in mortgage rates could be contributing to increased buyer activity and stronger pending home sales.

*By Jennifer Nash*

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