Redfin reports increase in cancellation rates of home purchases

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Redfin reports increase in cancellation rates of home purchases

While there are reports from Redfin and other sources detailing high home purchase cancellation rates in 2025. Multiple reports released in the latter half of 2025 indicated that cancellation rates had reached significant levels in the preceding months, with Redfin reporting a 15% cancellation rate in September 2025.

2025 cancellation rates based on Redfin data September 2025: 15% of home-purchase agreements were canceled.

July 2025: 15.3% of home-purchase agreements were canceled.
June 2025: Nearly 15% of pending home sales fell through.

Expert outlook on the 2026 housing market:

Some experts predict that the market will shift to be more favorable to buyers, with potentially lower home prices and higher inventory.
Other experts predict a potential bust, citing high debt-to-income ratios and persistent affordability issues.
Many forecasts suggest that prices will stabilize or grow only modestly in 2026, with a crash being unlikely due to a continued supply shortage.
Forecasts for cancellation rates in 2026 are not available, but some experts believe that a moderation in mortgage rates could boost demand and lower cancellations.

Peace be with you

Boston condo for sale buyers – keep the faith