December Pending Home Sales Fall Sharply Amid Tight Housing Supply

Pending home sales declined 9.3% in December from November, missing expectations as activity fell across all U.S. regions; year-over-year, sales were higher only in the South. Inventory stood at 1.18 million homes, down 9% from November and at 2025’s lowest level, while the 30-year mortgage hovered around 6.25%. Homes spent about 39 days on the market, up from 35 a year earlier, underscoring the demand weakness amid tight supply.