| Economic Event | Pending Home Sales |
| Units | Percentage Change from Previous Period |
| Current Period | May 2009 |
| Release Date | Jul. 01. 09 |
| Reported | 0.1 |
| Consensus for Current Period | 2 |
| Number of Forecasts | 2 |
| Economic Surprise | -1.9 ( -95.00 % ) |
| Prior Period | Apr 2009 |
| Reported Value for Prior Period | 7.1 |
| Revised From | 6.7 |
| Next Release Date | Aug. 04. 09 |
| Next Release Time | 10:00 AM Eastern Time |
| Source | http://www.realtor.org/press_room/news_releases/2009/07/record_fourth |
| Note | Pending home sales show a sustained uptrend, rising for four consecutive months. The last time there were four consecutive monthly gains was in October 2004. |
| Description | It is designed to be a leading indicator of housing activity. The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. |