{"id":991316,"date":"2026-08-06T12:35:37","date_gmt":"2026-08-06T16:35:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\/"},"modified":"2026-08-06T12:35:37","modified_gmt":"2026-08-06T16:35:37","slug":"redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\/","title":{"rendered":"Redfin Reports Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n New listings edged higher, but buyers pulled back as mortgage rates climbed to their highest level in nearly a year<\/i>\n <\/p>\n

\n SEATTLE<\/span>, Aug. 6, 2026<\/span> \/PRNewswire\/ — The number of homes going under contract fell 3.7% week over week nationwide\u2014the steepest decline since 2022\u2014as would-be buyers pressed pause amid high mortgage rates. That’s according to a new report<\/a>\u00a0from Redfin<\/a>, the real estate brokerage powered by Rocket.<\/p>\n

\n

\n \"Redfin,\n <\/p>\n<\/p><\/div>\n

Redfin is taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data.<\/p>\n

\n Leading indicators <\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n
\n

\n
\n Indicators of homebuying demand and activity<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Value (if applicable)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Recent change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Year-over-year
change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Source<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Daily average 30-year
fixed mortgage rate<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 6.82% (Aug. 3)<\/span>\n <\/p>\n<\/td>\n

\n

\n Near highest level in
over a year<\/span>\n <\/p>\n<\/td>\n

\n

\n Up from 6.57%<\/span>\n <\/p>\n<\/td>\n

\n

\n Mortgage News Daily <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Weekly average 30-year
fixed mortgage rate<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 6.66% (week ending
July 30)<\/span>\n <\/p>\n<\/td>\n

\n

\n Highest level in
nearly a year<\/span>\n <\/p>\n<\/td>\n

\n

\n Down from 6.72%<\/span>\n <\/p>\n<\/td>\n

\n

\n Freddie Mac<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Mortgage-purchase
applications (seasonally adjusted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Down 4% from a
week earlier (as of
week ending July 29)<\/span>\n <\/p>\n<\/td>\n

\n

\n Up 3%<\/span>\n <\/p>\n<\/td>\n

\n

\n Mortgage Bankers
Association <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Google searches of
“homes for sale”<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Down about 3% from
a month earlier (as of
Aug. 2)<\/span>\n <\/p>\n<\/td>\n

\n

\n Down 6%<\/span>\n <\/p>\n<\/td>\n

\n

\n Google Trends<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Touring activity<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n Up 12% from the
start of the year (as of
July 26)<\/span>\n <\/p>\n<\/td>\n

\n

\n At this time last year, it
was up 29% from the
start of 2025<\/span>\n <\/p>\n<\/td>\n

\n

\n ShowingTime<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n Key housing-market data<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n U.S. highlights: Four weeks ending Aug. 2, 2026<\/b>
\n <\/span>\n <\/p>\n

\n
\n Redfin’s 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>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Four weeks ending Aug. 2, 2026<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Year-over-year change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Week-over-week
change (where applicable)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Notes<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Median sale price<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $406,362<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Median asking price
(seasonally adjusted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $398,666<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.1\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Median monthly mortgage
payment (seasonally adjusted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $2,631 at a 6.66% mortgage rate<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Pending sales (seasonally adjusted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 311,150<\/span>\n <\/p>\n<\/td>\n

\n

\n -1.9\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n -3.7\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n Lowest level in over 5
months, biggest weekly
decline since 2022<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n New listings (seasonally adjusted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 354,313<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 1\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Active listings (seasonally adjusted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 1,468,943<\/span>\n <\/p>\n<\/td>\n

\n

\n -0.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n -1.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Months of supply <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 3.6<\/span>\n <\/p>\n<\/td>\n

\n

\n Unchanged<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4 to 5 months of supply<\/a>\u00a0
is considered balanced,
with a lower number
indicating seller’s
market conditions <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Share of homes off market in two weeks\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 31.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n Unchanged<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Median days on market<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 41<\/span>\n <\/p>\n<\/td>\n

\n

\n -1 day<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Share of home listings with price drops<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 21.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n Unchanged<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Share of homes sold above list price<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 27.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n Up from about 27%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Average sale-to-list price ratio <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 99\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n Up from 98.8%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n\n\n\n
\n

\n
\n Metro-level highlights: Four weeks ending Aug. 2, 2026<\/b>
\n <\/span>\n <\/p>\n

\n
\n Redfin’s 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>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Metros with biggest year-over-
year increases<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Metros with biggest year-over-
year decreases<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Notes<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Median sale price<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n Newark, NJ (9.8%)<\/span>\n <\/p>\n

\n West Palm Beach, FL (9.5%)<\/span>\n <\/p>\n

\n Baltimore (7.6%)<\/span>\n <\/p>\n

\n St. Louis (6.8%)<\/span>\n <\/p>\n

\n Cleveland (6.5%)<\/span>\n <\/p>\n<\/td>\n

\n

\n San Jose, CA (-4.2%)<\/span>\n <\/p>\n

\n Seattle (-1.8%)<\/span>\n <\/p>\n

\n Dallas (-1.6%)<\/span>\n <\/p>\n

\n Los Angeles (-0.8%)<\/span>\n <\/p>\n

\n Indianapolis (-0.4%)<\/span>\n <\/p>\n

\n Portland, OR (-0.4%)<\/span>\n <\/p>\n

\n Las Vegas (-0.3%)<\/span>\n <\/p>\n<\/td>\n

\n

\n Declined in 7 metros<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Pending sales<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n West Palm Beach, FL (13%)<\/span>\n <\/p>\n

\n Cincinnati (7.1%)<\/span>\n <\/p>\n

\n Pittsburgh (6.7%)<\/span>\n <\/p>\n

\n St. Louis (3.9%)<\/span>\n <\/p>\n

\n Chicago (3.4%)<\/span>\n <\/p>\n<\/td>\n

\n

\n Seattle (-19.8%)<\/span>\n <\/p>\n

\n Houston (-17.1%)<\/span>\n <\/p>\n

\n Phoenix (-15%)<\/span>\n <\/p>\n

\n Denver (-10.9%)<\/span>\n <\/p>\n

\n Atlanta (-9.8%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n New listings<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n St. Louis (13%)<\/span>\n <\/p>\n

\n San Jose, CA (11.7%)<\/span>\n <\/p>\n

\n Montgomery County, PA (9.7%)<\/span>\n <\/p>\n

\n Boston (9.4%)<\/span>\n <\/p>\n

\n Chicago (8.1%)<\/span>\n <\/p>\n<\/td>\n

\n

\n Dallas (-12.6%)<\/span>\n <\/p>\n

\n Atlanta (-10.9%)<\/span>\n <\/p>\n

\n Fort Worth, TX (-10.8%)<\/span>\n <\/p>\n

\n Miami (-10.1%)<\/span>\n <\/p>\n

\n San Antonio (-9.8%)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

To view the full report, including charts, please visit:
https:\/\/www.redfin.com\/news\/housing-market-update-homebuying-demand-stalls-summer<\/a><\/p>\n

\n About Redfin
<\/b>Redfin is a technology-driven real estate company with the country’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’s 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

You can find more information about Redfin and get the latest housing market data and research at https:\/\/www.redfin.com\/news<\/a>. For more information about Rocket Companies, visit https:\/\/www.rocketcompanies.com<\/a>.<\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise-302844380.html<\/a><\/p>\n

SOURCE Redfin<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire New listings edged higher, but buyers pulled back as mortgage rates climbed to their highest level in nearly a year SEATTLE, Aug. 6, 2026 \/PRNewswire\/ — The number of homes going under contract fell 3.7% week over week nationwide\u2014the steepest decline since 2022\u2014as would-be buyers pressed pause amid high mortgage rates. That’s according to a new report\u00a0from Redfin, the real estate brokerage powered by Rocket. Redfin is taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.82% (Aug. 3) Near highest level in over a … <\/p>\n

Continue reading “Redfin Reports Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise”<\/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-991316","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRedfin Reports Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise - 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-sink-to-5-month-low-as-mortgage-rates-rise\/\" \/>\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 Sink to 5-Month Low As Mortgage Rates Rise - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire New listings edged higher, but buyers pulled back as mortgage rates climbed to their highest level in nearly a year SEATTLE, Aug. 6, 2026 \/PRNewswire\/ — The number of homes going under contract fell 3.7% week over week nationwide\u2014the steepest decline since 2022\u2014as would-be buyers pressed pause amid high mortgage rates. That’s according to a new report\u00a0from Redfin, the real estate brokerage powered by Rocket. Redfin is taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. Leading indicators Indicators of homebuying demand and activity Value (if applicable) Recent change Year-over-year change Source Daily average 30-year fixed mortgage rate 6.82% (Aug. 3) Near highest level in over a … Continue reading "Redfin Reports Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-06T16:35:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mmx.prnewswire.com\/media\/MS690711\/Redfin-Powered-by-Rocket-Logo.jpg?id=OA2824683\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Redfin Reports Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise\",\"datePublished\":\"2026-08-06T16:35:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\\\/\"},\"wordCount\":631,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mmx.prnewswire.com\\\/media\\\/MS690711\\\/Redfin-Powered-by-Rocket-Logo.jpg?id=OA2824683\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-pending-home-sales-sink-to-5-month-low-as-mortgage-rates-rise\\\/\",\"name\":\"Redfin Reports Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise - 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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-sink-to-5-month-low-as-mortgage-rates-rise\/","og_locale":"en_US","og_type":"article","og_title":"Redfin Reports Pending Home Sales Sink to 5-Month Low As Mortgage Rates Rise - Market Newsdesk","og_description":"PR Newswire New listings edged higher, but buyers pulled back as mortgage rates climbed to their highest level in nearly a year SEATTLE, Aug. 6, 2026 \/PRNewswire\/ — The number of homes going under contract fell 3.7% week over week nationwide\u2014the steepest decline since 2022\u2014as would-be buyers pressed pause amid high mortgage rates. That’s according to a new report\u00a0from Redfin, the real estate brokerage powered by Rocket. Redfin is taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. 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