Redfin says US pending home sales hit six-month low as demand cools

Reuters2026/08/27 16:56

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Redfin analysis showed US new listings rose 0.4% in the four weeks ended Aug. 23, the highest since April.
Pending home sales fell 1.1% week over week to a six-month low, signaling softer demand as housing costs stay elevated.
Median US sale price rose 1.9% year over year to USD 400,649; weekly average 30-year fixed mortgage rate was 6.65%.
Active listings increased 0.5% week over week to 1.5 million; months of supply edged up to 3.8, near balanced-market levels.
Redfin flagged a buyer’s-leaning market in many metros, citing rising inventory, slower sales, more room for concessions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redfin Corporation published the original content used to generate this news brief on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Redfin says US pending home sales hit six-month low as demand cools

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