Redfin Reports U.S. Pending Home Sales Sink to a New Low
PR Newswire•22/10/2026•08:00 ET
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Key Highlights
- ➤Pending sales fell 1.9% week over week, reaching the lowest level in records dating back to 2021
- ➤Weekly average mortgage rates stayed elevated at 7.4%, suppressing would-be homebuyers
- ➤Median monthly housing payment reached $2,796, the second-highest level in Redfin records
- ➤New listings declined 1.4% week over week, reaching their lowest level since July
- ➤Active listings rose just 0.1% week over week as buyers failed to deplete inventory
Redfin Reports U.S. Pending Home Sales Sink to a New Low PR Newswire
Would-be homebuyers are pulling back as mortgage rates remain in the mid-7% range
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