Redfin Reports Home Purchase Cancellations Are No Longer on the Rise As Demand Ticks Up
SEATTLE--(BUSINESS WIRE)--Just over 47,000 U.S. home-sale agreements fell through in April, equal to 13.4% of homes that went under contract that month. That's down incrementally (-0.1 percentage points) from a month earlier, according to a new report from Redfin, the real estate brokerage powered by Rocket. It's also tied with January for the lowest level of contract cancellations since September 2024, though the level has varied by less than half a percentage point over the last year and a ha.