Redfin Reports Home Purchase Cancellations Are No Longer on the Rise As Demand Ticks Up
Redfin, a subsidiary of Rocket Companies, reported that U.S. home-purchase contract cancellations declined slightly in April to 13.4% of agreements. The 47,000 cancellations represent a 0.1 percentage point drop from March, marking the lowest level since September 2024.
Key figures
- Cancellation rate change
- -0.1 percentage points
- Contract cancellation rate
- 13.4%
- Contract cancellations count
- 47000
AI analysis
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