US home-sale prices fall for third straight week amid buyer pullback
As forecasters tracking the broader market have noted, gradual affordability gains are expected to define 2026. Those expectations now carry an additional warning: pending home sales fell 0.6% week over week to their lowest point in Redfin’s records, which date to 2021, declining across every metro the firm analyzed for a fourth consecutive week.
Sellers retreat as demand stalls
New listings dropped 1.5% week over week to their lowest level since January, as sellers pulled back from a soft market.
Total active inventory stood at approximately 1.5 million homes, up 2.1% from a year ago, while months of supply – a measure of how long it would take to sell all current listings at the current pace of sales – rose to 4.6 from 4.0.
Just 26.9% of homes went off market within two weeks, down from 28%, and the share of listings with price reductions edged up to 21.2% from 20.6%.
Regional performance split sharply. San Francisco posted the largest year-over-year price gain nationally at 17.3%, while Fort Lauderdale, Florida and Austin, Texas recorded the steepest declines at 5.9% and 5.8%, respectively.
