{"id":83106,"date":"2025-12-03T05:00:58","date_gmt":"2025-12-03T13:00:58","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=83106"},"modified":"2025-12-02T12:30:33","modified_gmt":"2025-12-02T20:30:33","slug":"home-purchase-cancellations-october-2025","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/home-purchase-cancellations-october-2025\/","title":{"rendered":"15% of Home Purchases Fell Through in October, Up Slightly From a Year Earlier"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Homebuyers are getting cold feet due to high housing costs and economic uncertainty. Many are convinced they\u2019ll be able to find a home they like better because there are so many listings on the market.<\/i><\/strong><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Homebuyers are most likely to walk away in Texas and Florida, and least likely in Nassau County, NY and the Bay Area.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Roughly 53,000 U.S. home-purchase agreements were canceled in October, equal to 15.1% of homes that went under contract that month. That\u2019s up from 14.3% a year earlier.<\/span><\/p>\n<div id=\"datawrapper-vis-CEHh8\" style=\"min-height: 427px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/CEHh8\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-CEHh8\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/CEHh8\/full.png\" alt=\"Home-Purchase Cancellations Are Above Pre-Pandemic Levels (Line chart)\" \/><\/noscript><\/div>\n<p><span style=\"font-weight: 400;\"><br \/>\nThis is based on a Redfin analysis of MLS pending-sales data. The data is seasonal, which is why we compare this October to past Octobers. Please note that homes that fell out of contract during a given month didn\u2019t necessarily go under contract the same month. For example, a home that fell out of contract in October could have gone under contract in September.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Home-purchase cancellations remain elevated for several reasons. High housing costs and economic uncertainty are giving some buyers cold feet. It\u2019s also a <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-october-2025\/\"><span style=\"font-weight: 400;\">buyer\u2019s market<\/span><\/a><span style=\"font-weight: 400;\">, with home sellers significantly outnumbering homebuyers. This means buyers in most areas have room to negotiate and the flexibility to take their time; if they decide against one home, they will likely be able to find another one that meets their needs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBuyers know they have options, so if a seller isn\u2019t willing to address a maintenance issue, the buyer will walk away,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/tracy-edwards\"><span style=\"font-weight: 400;\">Tracy Edwards<\/span><\/a><span style=\"font-weight: 400;\">, a <\/span><a href=\"https:\/\/www.redfin.com\/premier\"><span style=\"font-weight: 400;\">Redfin Premier<\/span><\/a><span style=\"font-weight: 400;\"> real estate agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/19017\/NC\/Winston-Salem\"><span style=\"font-weight: 400;\">Winston-Salem, NC<\/span><\/a><span style=\"font-weight: 400;\">. \u201cA lot of sellers are having to adjust their expectations\u2014some still think their home is worth more than the market will bear.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Redfin agents recommend that sellers price reasonably from the get-go to limit the chances of their home sitting on the market and buyers getting cold feet.<\/span><\/p>\n<h3><b>San Antonio Has the Highest Rate of Home-Purchase Cancellations\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\"><br \/>\nSan Antonio leads the nation in canceled deals, with over one in five (21%) pending home sales falling through in October. It\u2019s followed by Fort Lauderdale, FL (20%), Fort Worth, TX (19.7%), Las Vegas (19.2%) and Jacksonville, FL (19.2%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Redfin analyzed the 50 most populous U.S. metropolitan areas and included in this analysis the 47 with sufficient data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Texas and Florida have been <\/span><a href=\"https:\/\/public.tableau.com\/app\/profile\/us.census.bureau2\/viz\/shared\/PZ5565W7Q\"><span style=\"font-weight: 400;\">building<\/span><\/a><span style=\"font-weight: 400;\"> more homes than anywhere else in the country, prompting some buyers to back out of deals because they\u2019re confident they will be able to find a different home that works better for them. Some buyers in the Sunshine State are also getting cold feet <\/span><a href=\"https:\/\/www.redfin.com\/news\/climate-migration-real-estate-2025\/\"><span style=\"font-weight: 400;\">due to<\/span><\/a><span style=\"font-weight: 400;\"> increasing natural disasters and soaring insurance and HOA fees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lowest cancellation rate was in Nassau County, NY, where 4.4% of pending home sales fell through in October. Next came San Francisco (4.6%), San Jose, CA (7%), Oakland, CA (9.1%) and Montgomery County, PA (9.2%). Redfin recently <\/span><a href=\"https:\/\/www.redfin.com\/news\/bay-area-san-francisco-home-sales\/\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> that the Bay Area\u2019s housing market has been heating up amid an AI boom and a return to the office.<\/span><\/p>\n<h3><b>Metro-Level Summary<\/b><\/h3>\n\n<table id=\"tablepress-500\" class=\"tablepress tablepress-id-500\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>U.S. metro area<\/strong><\/th><th class=\"column-2\"><strong>October 2025: Pending sales that fell out of contract, as % of overall pending sales<\/strong><\/th><th class=\"column-3\"><strong>October 2024: Pending sales that fell out of contract, as % of overall pending sales<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Anaheim, CA<\/td><td class=\"column-2\">15.6%<\/td><td class=\"column-3\">14.7%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Atlanta, GA<\/td><td class=\"column-2\">18.7%<\/td><td class=\"column-3\">18.1%<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Austin, TX<\/td><td class=\"column-2\">15.7%<\/td><td class=\"column-3\">13.2%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Baltimore, MD<\/td><td class=\"column-2\">14.2%<\/td><td class=\"column-3\">12.0%<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Boston, MA<\/td><td class=\"column-2\">12.0%<\/td><td class=\"column-3\">10.1%<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Chicago, IL<\/td><td class=\"column-2\">15.3%<\/td><td class=\"column-3\">14.3%<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Cincinnati, OH<\/td><td class=\"column-2\">14.5%<\/td><td class=\"column-3\">12.6%<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cleveland, OH<\/td><td class=\"column-2\">16.6%<\/td><td class=\"column-3\">16.7%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Columbus, OH<\/td><td class=\"column-2\">17.3%<\/td><td class=\"column-3\">16.6%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Dallas, TX<\/td><td class=\"column-2\">18.0%<\/td><td class=\"column-3\">16.5%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Denver, CO<\/td><td class=\"column-2\">16.9%<\/td><td class=\"column-3\">18.5%<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Detroit, MI<\/td><td class=\"column-2\">16.5%<\/td><td class=\"column-3\">15.3%<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Fort Lauderdale, FL<\/td><td class=\"column-2\">20.0%<\/td><td class=\"column-3\">17.5%<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Fort Worth, TX<\/td><td class=\"column-2\">19.7%<\/td><td class=\"column-3\">19.3%<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Houston, TX<\/td><td class=\"column-2\">11.7%<\/td><td class=\"column-3\">14.8%<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Indianapolis, IN<\/td><td class=\"column-2\">15.4%<\/td><td class=\"column-3\">16.2%<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Jacksonville, FL<\/td><td class=\"column-2\">19.2%<\/td><td class=\"column-3\">18.9%<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Las Vegas, NV<\/td><td class=\"column-2\">19.2%<\/td><td class=\"column-3\">16.8%<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Los Angeles, CA<\/td><td class=\"column-2\">16.3%<\/td><td class=\"column-3\">15.5%<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Miami, FL<\/td><td class=\"column-2\">17.6%<\/td><td class=\"column-3\">16.6%<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Milwaukee, WI<\/td><td class=\"column-2\">9.2%<\/td><td class=\"column-3\">9.5%<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Minneapolis, MN<\/td><td class=\"column-2\">12.5%<\/td><td class=\"column-3\">11.7%<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Montgomery County, PA<\/td><td class=\"column-2\">9.2%<\/td><td class=\"column-3\">9.1%<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Nashville, TN<\/td><td class=\"column-2\">16.4%<\/td><td class=\"column-3\">11.7%<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Nassau County, NY<\/td><td class=\"column-2\">4.4%<\/td><td class=\"column-3\">4.5%<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">New Brunswick, NJ<\/td><td class=\"column-2\">10.5%<\/td><td class=\"column-3\">11.0%<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">New York, NY<\/td><td class=\"column-2\">9.5%<\/td><td class=\"column-3\">8.1%<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">Newark, NJ<\/td><td class=\"column-2\">10.7%<\/td><td class=\"column-3\">9.7%<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">Oakland, CA<\/td><td class=\"column-2\">9.1%<\/td><td class=\"column-3\">5.2%<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Orlando, FL<\/td><td class=\"column-2\">19.1%<\/td><td class=\"column-3\">18.6%<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Philadelphia, PA<\/td><td class=\"column-2\">9.9%<\/td><td class=\"column-3\">11.3%<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Phoenix, AZ<\/td><td class=\"column-2\">16.9%<\/td><td class=\"column-3\">17.7%<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Pittsburgh, PA<\/td><td class=\"column-2\">15.4%<\/td><td class=\"column-3\">13.4%<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Portland, OR<\/td><td class=\"column-2\">17.3%<\/td><td class=\"column-3\">16.1%<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Providence, RI<\/td><td class=\"column-2\">13.2%<\/td><td class=\"column-3\">10.9%<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">Riverside, CA<\/td><td class=\"column-2\">17.9%<\/td><td class=\"column-3\">17.0%<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">Sacramento, CA<\/td><td class=\"column-2\">14.4%<\/td><td class=\"column-3\">13.8%<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">San Antonio, TX<\/td><td class=\"column-2\">21.0%<\/td><td class=\"column-3\">19.0%<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">San Diego, CA<\/td><td class=\"column-2\">16.8%<\/td><td class=\"column-3\">14.4%<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">San Francisco, CA<\/td><td class=\"column-2\">4.6%<\/td><td class=\"column-3\">3.4%<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">San Jose, CA<\/td><td class=\"column-2\">7.0%<\/td><td class=\"column-3\">2.5%<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">Seattle, WA<\/td><td class=\"column-2\">11.9%<\/td><td class=\"column-3\">10.2%<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">Tampa, FL<\/td><td class=\"column-2\">19.1%<\/td><td class=\"column-3\">22.2%<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">Virginia Beach, VA<\/td><td class=\"column-2\">16.2%<\/td><td class=\"column-3\">13.1%<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">Warren, MI<\/td><td class=\"column-2\">12.5%<\/td><td class=\"column-3\">10.0%<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">Washington, DC<\/td><td class=\"column-2\">13.0%<\/td><td class=\"column-3\">11.7%<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">West Palm Beach, FL<\/td><td class=\"column-2\">14.1%<\/td><td class=\"column-3\">14.1%<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\"><strong>National\u2014U.S.A.<\/strong><\/td><td class=\"column-2\"><strong>15.1%<\/strong><\/td><td class=\"column-3\"><strong>14.3%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-500 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>Homebuyers are getting cold feet due to high housing costs and economic uncertainty. Many are convinced they\u2019ll be able to find a home they like better because there are so many listings on the market. Homebuyers are most likely to walk away in Texas and Florida, and least likely in Nassau County, NY and the [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":83109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[27,8],"tags":[20,623],"dashboard":[],"coauthors":[125],"class_list":["post-83106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordability","category-housing-market-news","tag-housing-affordability","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>15% of Home Purchases Were Canceled in October<\/title>\n<meta name=\"description\" content=\"Homebuyers are most likely to walk away from deals in Texas and Florida, and least likely in Nassau County, NY and the Bay Area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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