Pending home sales drop sharply in December, dampening 2026 outlook

News Brief: U.S. Pending Home Sales Plunge in December

Summary

U.S. pending home sales unexpectedly fell sharply in December 2025, dropping 9.3% from November and 3% year-over-year, as stagnant mortgage rates, dwindling inventory, and economic uncertainty discouraged buyers.

Key Points

  • Sharp Decline: Pending sales fell 9.3% monthly, contrary to forecasts of a slight gain. Annual sales were down 3%.
  • Broad Weakness: Sales dropped month-over-month in all U.S. regions. Only the South saw a yearly increase.
  • Record-Low Inventory: Housing stock fell 9% from November to 1.18 million units, matching the lowest level of 2025.
  • Market Stagnation: Mortgage rates hovered near 6.25%, and homes stayed on the market longer (39 days vs. 35 in Dec. 2024).
  • Analyst Outlook: NAR’s chief economist stated the figures “dampened the short-term outlook,” linking the sales slump to low inventory dampening buyer enthusiasm.

新闻简报:美国12月成屋签约销售指数意外骤降

摘要

2025年12月,美国成屋签约销售指数意外大幅下滑,环比下降9.3%,同比下降3%。抵押贷款利率停滞、库存减少以及经济不确定性令买家望而却步。

关键点

  • 大幅下滑:签约销售量环比下降9.3%,与市场预期的小幅增长相反。同比下降3%。
  • 普遍疲软:全美所有地区销售额均出现环比下降。仅南部地区同比有所增长。
  • 库存新低:住房库存环比下降9%至118万套,与2025年最低水平持平。
  • 市场停滞:抵押贷款利率徘徊在6.25%左右,房屋待售时间延长(39天,2024年12月为35天)。
  • 分析师观点:全美房地产经纪人协会首席经济学家表示,数据”削弱了短期前景”,并将销售疲软归因于库存不足打击了购房者的热情。

Original Article Link: https://www.cnbc.com/2026/01/21/pending-home-sales-december-drop-sharply.html

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