Redfin: US July home sales fall 4.1% to lowest level in nearly two years

• Redfin analysis shows July 2026 U.S. home sales fell 4.1% m/m to the lowest level in nearly two years.
• Demand weakened as the median sale price rose 3.2% y/y to $407,730, a record for July, while the 30-year rate averaged 6.54%.
• Pending sales slipped 2.5% m/m to the lowest since December; 14% of agreements fell through, the highest share since 2023.
• Texas metros led the sales decline, with San Antonio down 12.6% y/y; Seattle pending sales fell 15.6% y/y.
• New listings dipped 0.1% m/m to the lowest since October 2024, signalling sellers remain constrained by elevated mortgage rates.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redfin Corporation published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein.