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US Existing Homes Sales Pace Expected to Accelerate Further in May

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The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.06 million annual rate in May, based on a survey compiled by Bloomberg, after rising by 0.2% to a 4.02 million rate in April.

Existing-home sales were at a 4.04 million rate in May 2025, so the year-over-year change would be slightly positive.

The data are scheduled to be released at 10:00 am ET Tuesday.

The pending home sales index, also produced by the NAR, was up 1.4% in April and was 3.2% above its reading a year ago. That measure is taken at contract signing and is meant to foreshadow movements in existing homes closings a month or two out.

Recent mortgage application data from the Mortgage Bankers Association indicated that mortgage rates rose in May before falling at the end of the month.

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