Pending home sales in the US edged up just 0.3% mid-Q3—a modest month-over-month lift that still leaves us about 5% below last year’s pace. Even with higher mortgage rates, buyers are moving ahead with new contracts, and steady job gains plus improved incomes are helping some folks keep pace with rising home prices. But nationally, contract signings are still running about 30% lower than before the pandemic—proof that every pending sale is worth watching as a signal of what’s coming next.
In Baltimore, I see these shifts play out every day. Whether you’re a first-timer, moving up, or investing, understanding how quickly contracts are being signed—and what might delay a closing—matters. The market hasn’t seen the frenzied signing rates of 2021 (when rates hit ~3%) in a while, so tuning into pending contracts gives us an early read on what’s ahead. As always, I’m here to help you navigate Baltimore’s real estate moves with clear perspective and local know-how.
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