{"id":959717,"date":"2026-05-07T08:06:50","date_gmt":"2026-05-07T12:06:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-hit-highest-level-in-nearly-4-years\/"},"modified":"2026-05-07T08:06:50","modified_gmt":"2026-05-07T12:06:50","slug":"redfin-reports-pending-home-sales-hit-highest-level-in-nearly-4-years","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-hit-highest-level-in-nearly-4-years\/","title":{"rendered":"Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth17 { width: 17% }\n.bwwidth20 { width: 20% }\n.bwwidth21 { width: 21% }\n.bwwidth22 { width: 22% }\n.bwwidth29 { width: 29% }\n.bwwidth43 { width: 43% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years<\/b><\/p>\n<p class=\"bwalignc\"><i>More homebuyers jumped into the market as mortgage rates came down temporarily last week, but it\u2019s still slower than past springs<\/i><\/p>\n<p>SEATTLE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nU.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3, according to a new <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpending-home-sales-rise-spring&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=report&amp;index=1&amp;md5=fc55e46c0b3dd52c723e64b579ded9b5\">report<\/a> from <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=Redfin&amp;index=2&amp;md5=4b4fa2e3f1d8d1f5567c13198d8ba9a1\">Redfin<\/a>, the real estate brokerage powered by Rocket. They rose 7.7% year over year on a seasonally adjusted basis.<\/p>\n<p><b>There are a few reasons homebuyers are coming off the sidelines:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Housing costs came down temporarily. <\/b>The median U.S. housing payment declined 2.2% year over year as mortgage rates ticked down. Rates fell to 6.23% last week from a 6-month high of 6.46% two weeks earlier. (Daily<i \/>average rates rose as high as 6.56% this week due to jitters about renewed fighting and uncertainty in Iran.)\n<\/li>\n<li><b>There are more houses on the market. <\/b>The total number of homes for sale rose roughly 1% year over year to near their highest level in at least five years. When there are more homes to buy, there are more sales.\n<\/li>\n<li><b>Seasonality is kicking in later than usual. <\/b>Spring is typically the busiest time of year for the housing market: A <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbest-time-to-sell-buy-home%2F&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=recent+Redfin+analysis&amp;index=3&amp;md5=d8a789707c87ca0f46abd5b1006cea26\">recent Redfin analysis<\/a> found that late April is the best time of year to list a home for sale because homes are more likely to sell above their asking price, and to sell quickly. The big uptick in seasonally adjusted pending sales could signal that spring homebuying season is starting late.\n<\/li>\n<\/ul>\n<p>\nStill, the market is slower and less competitive than past springs. The typical home that sells goes under contract in 43 days, three days longer than a year ago. Just over one-quarter (26.4%) of homes that go under contract are selling above asking price, the lowest share for this time of year in at least five years.<\/p>\n<p>\n\u201cSome homes are attracting multiple offers, but only those that are priced fairly and have been updated,\u201d said <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Freal-estate-agents%2Fashley-arzer&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=Ashley+Arzer&amp;index=4&amp;md5=349ed176a7a724e5231c03d36262f9ec\">Ashley Arzer<\/a>, a Redfin Premier agent in <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fcity%2F29470%2FIL%2FChicago&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=Chicago&amp;index=5&amp;md5=5c4c886c4d668afbe15b36c76319f4cc\">Chicago<\/a>. \u201cA new kitchen and new bathroom are the ticket to a bidding war. Older homes that need repairs, and those far above the most popular price range\u2014around $400,000 in Chicago\u2014are taking longer to sell.\u201d<\/p>\n<p>\nFor Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201c<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Ffrom-our-economists%2F&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=From+Our+Economists&amp;index=6&amp;md5=3189975e50d11d7906c7f9f5892a1746\">From Our Economists<\/a>\u201d page.<\/p>\n<p><b>Leading indicators<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td colspan=\"5\" class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Indicators of homebuying demand and activity<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Value (if applicable)<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Recent change<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Year-over-year change<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Source<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Daily average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n6.44% (May 6)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDown from 6.56% on May 4, which was the highest level since end of March<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDown from 6.9%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMortgage News Daily<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Weekly average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n6.3% (week ending April 30)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUp from 6.23% one week earlier<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDown from 6.76%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nFreddie Mac<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Mortgage-purchase applications (seasonally adjusted)<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDown 4% from a week earlier (as of week ending May 1)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUp 5%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMortgage Bankers Association<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Google searches of \u201chomes for sale\u201d<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nHighest level in 9 months (as of May 4)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUp more than 20%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nGoogle Trends<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Touring activity<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nUp 32% from the start of the year (as of May 4)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth21\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAt this time last year, it was up 43% from the start of 2025<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nShowingTime<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Key housing-market data<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td colspan=\"4\" class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1\" rowspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>U.S. highlights: Four weeks ending May 3, 2026<\/b><\/p>\n<p class=\"bwcellpmargin bwalignl\"><i>Redfin\u2019s national metrics include data from 900+ U.S. metro areas and are based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision.<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Four weeks ending<\/b><\/p>\n<p class=\"bwcellpmargin bwalignl\"><b>May 3, 2026<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Year-over-year change<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Notes<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Median sale price<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$394,803<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n1.9%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Median asking price (seasonally adjusted)<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$406,493<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n1.5%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Median monthly mortgage payment (seasonally adjusted)<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth17\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$2,606 at a 6.3% mortgage rate<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n-2.2%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Pending sales (seasonally adjusted)<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n340,101<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n7.7%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>New listings (seasonally adjusted)<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n373,607<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n-1.8%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Active listings (seasonally adjusted)<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n1,477,250<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth20 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n0.9%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Months of supply<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n3.5<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n-0.1 pts.<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n4 to 5 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fdefinition%2Fmonthsof-supply&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=months+of+supply&amp;index=7&amp;md5=82e61194b26edfc48f7a1e4ccc41e051\">months of supply<\/a> is considered balanced, with a lower number indicating seller\u2019s market conditions<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Share of homes off market in two weeks<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n39.2%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\nDown from 40%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Median days on market<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n43<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n+3 days<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Share of home listings with price drops<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n18.8%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\nEssentially unchanged<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Share of homes sold above list price<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwalignl bwpadl1 bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n26.4%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\nDown from 28%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwalignl bwpadl1 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\"><b>Average sale-to-list price ratio<\/b><\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwpadb3 bwpadl1 bwalignl bwwidth17 bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n98.7%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\nDown from 99%<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl0 bwwidth43\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwblockalignl bwtablemarginb bwwidth100\">\n<tr>\n<td colspan=\"4\" class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl1\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Metro-level highlights: Four weeks ending May 3, 2026<\/b><\/p>\n<p class=\"bwcellpmargin\"><i>Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.<\/i><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Metros with biggest year-over-year increases<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Metros with biggest year-over-year decreases<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Notes<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Median sale price<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nSan Francisco (11%)<\/p>\n<p class=\"bwcellpmargin\">\nCleveland (8.2%)<\/p>\n<p class=\"bwcellpmargin\">\nKansas City, MO (7.9%)<\/p>\n<p class=\"bwcellpmargin\">\nCincinnati (7.5%)<\/p>\n<p class=\"bwcellpmargin\">\nDetroit (7.4%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNewark, NJ (-3.3%)<\/p>\n<p class=\"bwcellpmargin\">\nSan Jose, CA (-3.2%)<\/p>\n<p class=\"bwcellpmargin\">\nSeattle (-3.2%)<\/p>\n<p class=\"bwcellpmargin\">\nDallas (-3.2%)<\/p>\n<p class=\"bwcellpmargin\">\nLas Vegas (-2.5%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDeclined in 19 metros<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Pending sales<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nChicago (19.2%)<\/p>\n<p class=\"bwcellpmargin\">\nPittsburgh (16.5%)<\/p>\n<p class=\"bwcellpmargin\">\nSan Francisco (15.2%)<\/p>\n<p class=\"bwcellpmargin\">\nMiami (15%)<\/p>\n<p class=\"bwcellpmargin\">\nAustin, TX (14.6%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nHouston (-9.3%)<\/p>\n<p class=\"bwcellpmargin\">\nDetroit (-3.3%)<\/p>\n<p class=\"bwcellpmargin\">\nSeattle (-2.7%)<\/p>\n<p class=\"bwcellpmargin\">\nWarren, MI (-1.8%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDeclined in just 4 metros<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwpadl1 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>New listings<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nColumbus, OH (9.5%)<\/p>\n<p class=\"bwcellpmargin\">\nNassau County, NY (9.4%)<\/p>\n<p class=\"bwcellpmargin\">\nCincinnati (9.2%)<\/p>\n<p class=\"bwcellpmargin\">\nMilwaukee (9.1%)<\/p>\n<p class=\"bwcellpmargin\">\nNewark, NJ (9.1%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth29\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDallas (-14.9%)<\/p>\n<p class=\"bwcellpmargin\">\nJacksonville, FL (-14.5%)<\/p>\n<p class=\"bwcellpmargin\">\nDenver (-14.3%)<\/p>\n<p class=\"bwcellpmargin\">\nFort Worth, TX (-13%)<\/p>\n<p class=\"bwcellpmargin\">\nLas Vegas (-13%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwrightsingle bwpadl1 bwwidth22\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<p class=\"bwcellpmargin\">\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nTo view the full report, including charts, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpending-home-sales-rise-spring&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpending-home-sales-rise-spring&amp;index=8&amp;md5=4d2acf7ac23097ac23bea5dbe0eba269\">https:\/\/www.redfin.com\/news\/pending-home-sales-rise-spring<\/a><\/p>\n<p><b>About Redfin<\/b><\/p>\n<p>\nRedfin is a technology-driven real estate company with the country&#8217;s most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin\u2019s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.<\/p>\n<p>\nYou can find more information about Redfin and get the latest housing market data and research at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews&amp;index=9&amp;md5=93b75610db35ea80f66899bf993858a5\">https:\/\/www.redfin.com\/news<\/a>. For more information about Rocket Companies, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rocketcompanies.com%2F&amp;esheet=54530588&amp;newsitemid=20260507995298&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.rocketcompanies.com&amp;index=10&amp;md5=a0091da1e40030debf1bddad86c4413f\">https:\/\/www.rocketcompanies.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260507995298r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260507995298\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260507995298\/en\/<\/a><\/span><\/p>\n<p><b>Contact Redfin Journalist Services:<br \/>\n<\/b><br \/>Kynsay Hunt<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@redfin.com\">press@redfin.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Washington United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Data Analytics Technology Residential Building &amp; Real Estate Software Construction &amp; Property Banking<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260507995298\/en\/2512757\/3\/Redfin_powered_by_Rocket.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years More homebuyers jumped into the market as mortgage rates came down temporarily last week, but it\u2019s still slower than past springs SEATTLE&#8211;(BUSINESS WIRE)&#8211; U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3, according to a new report from Redfin, the real estate brokerage powered by Rocket. They rose 7.7% year over year on a seasonally adjusted basis. There are a few reasons homebuyers are coming off the sidelines: Housing costs came down temporarily. The median U.S. housing payment declined 2.2% year over year as mortgage rates ticked down. Rates fell to 6.23% last week from a 6-month high of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-hit-highest-level-in-nearly-4-years\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-959717","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-hit-highest-level-in-nearly-4-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years More homebuyers jumped into the market as mortgage rates came down temporarily last week, but it\u2019s still slower than past springs SEATTLE&#8211;(BUSINESS WIRE)&#8211; U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3, according to a new report from Redfin, the real estate brokerage powered by Rocket. They rose 7.7% year over year on a seasonally adjusted basis. There are a few reasons homebuyers are coming off the sidelines: Housing costs came down temporarily. The median U.S. housing payment declined 2.2% year over year as mortgage rates ticked down. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-hit-highest-level-in-nearly-4-years\/","og_locale":"en_US","og_type":"article","og_title":"Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years - Market Newsdesk","og_description":"Redfin Reports Pending Home Sales Hit Highest Level in Nearly 4 Years More homebuyers jumped into the market as mortgage rates came down temporarily last week, but it\u2019s still slower than past springs SEATTLE&#8211;(BUSINESS WIRE)&#8211; U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3, according to a new report from Redfin, the real estate brokerage powered by Rocket. They rose 7.7% year over year on a seasonally adjusted basis. There are a few reasons homebuyers are coming off the sidelines: Housing costs came down temporarily. The median U.S. housing payment declined 2.2% year over year as mortgage rates ticked down. 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