1 in 7 Pending Home Sales Fell Through Last Month, The Highest June Level on Record
By: Dana Anderson | Published: 2025-07-21 12:30:00 | Source: www.redfin.com
14.9% of pending home sales fell through in June, up from 13.9% a year earlier. Some buyers are backing out during the inspection period because a better home comes along, and some are nervous about making a major purchase in uncertain economic times.
Just over 57,000 home-sale agreements nationwide were canceled in June, equal to 14.9% of homes that went under contract that month. That’s up from 13.9% a year earlier and is the highest June share in records dating back to 2017.
This is based on a Redfin analysis of MLS pending-sales data. The data is seasonal; typically, there’s a higher share of cancellations at the end of the year and a lower share in the spring. That’s why we compare this June to past Junes. Please note: Homes that fell out of contract during a given…
