Redfin: US July home sales fall 4.1% to lowest level in nearly two years - RKT News | RalliesRedfin: US July home sales fall 4.1% to lowest level in nearly two years
R
RKT• US July home sales fall to nearly two-year low
- Redfin analysis shows July 2026 U.S. home sales fell 4.1% m/m to the lowest level in nearly two years.
- Demand weakened as the median sale price rose 3.2% y/y to $407,730, a record for July, while the 30-year rate averaged 6.54%.
- Pending sales slipped 2.5% m/m to the lowest since December; 14% of agreements fell through, the highest share since 2023.
- Texas metros led the sales decline, with San Antonio down 12.6% y/y; Seattle pending sales fell 15.6% y/y.
- New listings dipped 0.1% m/m to the lowest since October 2024, signalling sellers remain constrained by elevated mortgage rates.
