In June 2025, nearly 15% of pending home sales in the United States were cancelled, according to data from Redfin. The cancellation rate rose to 14.9%, up from 13.9% a year earlier, marking the highest share of terminated contracts for the month of June since records began in 2017.
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Over 57,000 home-sale agreements were called off nationwide, reflecting a climate of caution among buyers. Redfin reports that some purchasers are using the inspection period to withdraw if a better property appears, while others are growing hesitant due to ongoing economic uncertainty.
The data suggests a shifting dynamic in the housing market, where elevated prices, fluctuating mortgage rates, and broader economic pressures are causing potential homeowners to reconsider major financial commitments.
This rise in cancellations highlights growing instability in buyer confidence, which may have implications for real estate professionals, home builders, and the wider economy if the trend continues into the second half of the year.
Source: www.floordaily.net
