What did pending home sales look like in July 2026?

July 2026 offered another reminder of how dynamic the real estate landscape can be. U.S. pending home sales slipped by 2.3% compared to the previous month, and 2.2% from a year ago—continuing a pattern many of us have been seeing firsthand. Interestingly, the Midwest bucked the national trend, notching a 1.7% increase in yearly pending sales. Even with more homes available and average mortgage rates at 6.67%, sales activity is still about 30% below pre-pandemic levels, despite steady job growth. In my experience guiding Naperville buyers and sellers through all kinds of markets, staying informed and patient is key to turning life’s changes into the right home solution.