US pending home sales fell by 2.3% month-over-month in July 2026, following a downwardly revised 4.8% decline in June and against market forecasts of a 0.3% rise. This marked the second consecutive monthly decrease, with contract signings falling across all four major regions: the West (-4.7%), the South (-2.2%), the Northeast (-2%) and the Midwest (-0.7%). Compared with a year earlier, pending home sales dropped by 2.2%, as declines across the Northeast, South and West offset stronger activity in the Midwest.