NCJAR News
Pending home sales in the U.S. saw modest but encouraging growth in May, signaling resilience in the housing market despite fluctuating mortgage rates. According to the latest data from the National Association of REALTORS® (NAR), the Pending Home Sales Index (PHSI) rose by 1.8% month-over-month and 1.1% year-over-year, providing a much-needed boost of confidence for real estate professionals navigating an evolving landscape.
Month-Over-Month Trends Show Uniform Gains
All four major U.S. regions experienced increases in contract signings from April to May, reflecting broad-based momentum in the market. The most significant gains were recorded in the West, which surged 6.0%, followed by the Northeast at 2.1%, the South at 1.0%, and the Midwest at 0.3%.
This consistent regional growth signals renewed buyer interest as summer begins, and provides REALTORS® with valuable opportunities to re-engage their client bases.
Year-Over-Year Performance: A Mixed Bag
On a year-over-year basis, national pending sales rose 1.1% compared to May 2024. However, the performance varied significantly by region:
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Midwest: +2.6%
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South: +2.0%
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Northeast: -0.5%
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West: -1.2%
While the Midwest and South are leading in year-over-year growth, the Northeast and West saw slight declines, driven largely by inventory and affordability challenges.
Improving your home’s energy efficiency doesn’t require a major renovation or a big investment. Whether you’re hoping to cut down on monthly utility bills, upgrade your home before listing it, or simply modernize your space, there are several practical steps you can take to make your home more energy-smart—and cost-effective.
What Is Energy Efficiency?
At its core, energy efficiency means your home is using less energy to perform the same tasks. That translates to lower utility costs and a more comfortable living space. This often involves making sure systems like heating, cooling, and major appliances are running as effectively and economically as possible.
Where Should I Start?
The Fair Housing Champion Award, presented by the National Association of REALTORS® and sponsored by realtor.com®, is now accepting nominations!
This national award recognizes REALTORS® who go above and beyond to promote fair housing and expand homeownership opportunities for all members of their communities.
In 2025, NCJAR's very own William “Bill” Flagg made history as New Jersey’s first Fair Housing Champion. Bill’s tireless efforts—hosting Homeownership Fairs, securing grants, and embedding fair housing into NCJAR’s strategic policy—are a shining example of what this award celebrates.
Now it’s your turn to help us recognize the next trailblazer.
As the school doors closed for summer, your generosity opened hearts and filled plates across our communities. Thanks to your donations, NCJAR’s Summer Food Drive was a resounding success in the fight against hunger during the months when many children and families are most in need.
We extend our deepest appreciation to everyone who contributed — your kindness helps ensure no one is left behind while school is out.
A special thank you to our dedicated NCJAR Affiliate Business Partners for your leadership and coordination throughout this initiative. Your continued support is essential to making impactful programs like this possible.
Together, we are building stronger, more compassionate communities. Thank you for standing with us in service and support.
