The pending-sale ratio in November 2024 was the lowest since early 2020, though not low by pre-pandemic norms. Sales activity in 2024 has not kept pace with the increase in listings for sale, causing the ratio to drop.
U.S. Pending-Sale Ratio* Market Dynamics & Seasonality since 2016
March 2022
May 2021
150%
Longer-Term Perspective on Demand vs. Supply
125%
This chart illustrates the ratio of the pending listing count to the active listing count during the specified month. It is a general measurement of demand vs. supply: Higher percentages reflect stronger buyer demand as compared to the supply of listings available to purchase.*
100%
May 2023
April 2024
75%
|
The Pandemic Boom
|
Sept. 2019
May 2018
50%
May 2017
25%
Pandemic hits
Updated through November 2024
0%
*Per Realtor.com Research: https://www.realtor.com/research/data/, residential listings posted on site. Data from sources deemed reliable, but may contain errors and subject to revision. This statistic is specific to Realtor.com Research and does not constitute “absorption rate. ” All numbers approximate.
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