NAR Pending Home Sales Report Shows 0.3% Increase in August

The latest NAR Pending Home Sales Report caught my attention: pending sales edged up 0.3% from July to August. While that's a modest month-over-month gain, we’re still seeing a 4.7% drop compared to last year. Here in the Willamette Valley, I’m watching how these trends play out—sales increased in the South and West, but dipped in the Northeast and Midwest, with all regions feeling the impact of higher mortgage rates year-over-year. Navigating shifts like these is part of what I do every day for my clients in Salem, Aumsville, and beyond.