Buyers Strike: Pending Home Sales Drop Further, Plunge in Midwest, Near Record Lows in All Regions, as Supply Balloons

Buyers Strike: Pending Home Sales Drop Further, Plunge in Midwest, Near Record Lows in All Regions, as Supply Balloons

And to top it off: cancellations of pending sales rose to a record rate in July.

Pending home sales tick lower in July as canceled contracts spike

Redfin found 15% of contracts were canceled in July, the highest rate since it began tracking the metric in 2017.

NAR Pending Home Sales Report Shows 0.4% Decrease in July

Washington, D.C., Aug. 28, 2025 (GLOBE NEWSWIRE) -- Pending home sales decreased by 0.4% in July from the prior month and rose 0.7% year-over-year, according to the National Association of REALTORS® Pending Home Sales Report. The Report provides the real…

US Pending Home Sales Fall Again on Affordability Constraints

US pending sales of existing homes fell for a second month in July as potential buyers balked at still-elevated prices and borrowing costs, consistent with a sluggish housing market.

US Pending Home Sales Stick Near Record Lows In July - Nemos News Network

US Pending Home Sales Stick Near Record Lows In July The choppy performance of the US housing market continued in July with pending home sales falling 0.4% MoM (worse than the 0.2% MoM rise expected). However, this print managed to push sales up a medicore 0.25% YoY (its best annual gain since Nov 2024)… Source: Bloomberg Which left the total pending home sales index hovering near record lows… Source: Bloomberg Buyers have seen modest relief re…