Redfin: US new home listings hit 4-year high in August as supply climbs
RKT•August housing supply rose to a four-year high
- Redfin flagged a supply-driven shift in August 2026, with new U.S. listings up 2.6% m/m to a four-year high.
- Total active listings rose 3.9% m/m to 1.53 million, the highest level since 2020, lifting buyer leverage.
- Demand stayed soft: pending sales rose 0.1% m/m, closed sales fell 0.5% m/m to the lowest level in over a year.
- Affordability pressures persisted, with the median U.S. sale price up 2.2% y/y to USD 398,596; average 30-year mortgage rate 6.67%.
- Discounting remained widespread, with 59.5% of homes selling below original asking price; average sale-to-list ratio 96.4%.
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