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The October 2022 Market Review.

HIGH COUNTRY — Pending home sales trailed off for the fourth consecutive month in September, according to the ® National Association of REALTORS. All four major regions recorded month-over-month and year-over-year declines in transactions.

The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, slumped 10.2% to 79.5 in September. Year-over-year, pending transactions slid by 31.0%. An index of 100 is equal to the level of contract activity in 2001.

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