{"id":83334,"date":"2025-12-18T05:00:41","date_gmt":"2025-12-18T13:00:41","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=83334"},"modified":"2025-12-17T14:08:13","modified_gmt":"2025-12-17T22:08:13","slug":"housing-market-update-pending-sales-fall-holiday","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/housing-market-update-pending-sales-fall-holiday\/","title":{"rendered":"Pending Home Sales Fall 6%, the Biggest Drop in Nearly a Year"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">House hunters are retreating amid high housing costs and a seasonal slowdown, leading prospective sellers to pull back, too.\u00a0<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">U.S. pending home sales fell 5.8% from a year earlier during the four weeks ending December 14, the biggest decline since the start of 2025. On a metro level, pending sales declined in all but six of the 50 most populous U.S. metro areas, with the biggest drops in <a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\">San Jose, CA<\/a> (-35.1% year over year), <a href=\"https:\/\/www.redfin.com\/city\/8903\/TX\/Houston\">Houston<\/a> (-20.9%), and <a href=\"https:\/\/www.redfin.com\/city\/13654\/CA\/Oakland\">Oakland, CA<\/a> (-17.6%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The typical U.S. home that does sell is taking 52 days to go under contract, about a week longer than last year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">House hunters are hesitant this holiday season because mortgage rates are stubbornly sitting above 6%, and home-sale prices are rising, putting homes out of reach for many would-be buyers. Additionally, many prospective buyers are waiting for clearer signals on the economy before they make a major purchase; some are <\/span><a href=\"https:\/\/www.redfin.com\/news\/survey-job-security-2025\/\"><span style=\"font-weight: 400;\">concerned about job security<\/span><\/a><span style=\"font-weight: 400;\"> amid <\/span><a href=\"https:\/\/www.redfin.com\/news\/economist-take-november-jobs-data\/\"><span style=\"font-weight: 400;\">signals of weakness<\/span><\/a><span style=\"font-weight: 400;\"> in the labor market. Another reason pending sales are declining year over year: Sales<\/span><i><span style=\"font-weight: 400;\"> increased<\/span><\/i><span style=\"font-weight: 400;\"> around this time last year after the uncertainty leading up to the 2024 presidential election had passed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Slow homebuying demand is pushing would-be sellers to the sidelines, too. New listings are down 3.1% year over year, the biggest decline in more than two years. The <\/span><i><span style=\"font-weight: 400;\">total <\/span><\/i><span style=\"font-weight: 400;\">number of homes for sale is up just 4.2%, the smallest increase since the start of 2024. Many prospective sellers are reluctant to list their home while the market is <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-october-2025\/\"><span style=\"font-weight: 400;\">tilting toward buyers<\/span><\/a><span style=\"font-weight: 400;\">, with some waiting until the new year to see if demand improves.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cMortgage rates are buyers\u2019 biggest concern. They want to make sure they\u2019re not paying too much every month,\u201d said <a href=\"https:\/\/www.redfin.com\/real-estate-agents\/tracy-edwards\">Tracy Edwards<\/a>, a Redfin Premier agent in Raleigh, NC.\u00a0 \u201cMy advice to sellers is to carefully consider the buyer\u2019s perspective: If a buyer is taking on a high monthly payment, they want the house to be near perfect and the sale price to be fair. Be open to negotiations around repairs and seller concessions, and be realistic about the asking price. It\u2019s better to sell a home quickly than let it linger on the market.\u201d\u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Please note that our next weekly housing market report will be published on Thursday, January 8, 2026; we won\u2019t release reports on Thursday, December 25 or Thursday, January 1. Please visit <\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/data-center\/\"><i><span style=\"font-weight: 400;\">Redfin\u2019s Data Center<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> for housing market data. Happy holidays!<\/span><\/i><\/p>\n<p><em><span style=\"font-weight: 400;\">For Redfin economists\u2019 takes on the housing market, please visit Redfin\u2019s \u201c<\/span><a href=\"https:\/\/www.redfin.com\/news\/from-our-economists\/\"><span style=\"font-weight: 400;\">From Our Economists<\/span><\/a><span style=\"font-weight: 400;\">\u201d page.\u00a0<\/span><\/em><\/p>\n<h3>Leading indicators<\/h3>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"5\"><b>Indicators of homebuying demand and activity<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Value (if applicable)<\/b><\/td>\n<td><b>Recent change<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><b>Source<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Daily average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">6.27% (Dec. 17)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 6.36% a week earlier<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 6.93%<\/span><\/td>\n<td><a href=\"https:\/\/www.mortgagenewsdaily.com\/mortgage-rates\/30-year-fixed\"><span style=\"font-weight: 400;\">Mortgage News Daily\u00a0<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Weekly average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">6.22% (week ending Dec. 11)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Near lowest level in 14 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 6.6%<\/span><\/td>\n<td><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">Freddie Mac<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Mortgage-purchase applications (seasonally adjusted)<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Down 3% from a week earlier (as of week ending Dec. 12)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 13%<\/span><\/td>\n<td><a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2025\/12\/17\/mortgage-applications-decrease-in-latest-mba-weekly-survey\"><span style=\"font-weight: 400;\">Mortgage Bankers Association<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Redfin Homebuyer Demand Index (seasonally adjusted)<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Down about 5% from a month earlier (as of week ending Dec. 14)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down 15%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A measure of tours and other homebuying services from Redfin agents<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Google searches of \u201chomes for sale\u201d<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Down 9% from a month earlier (as of Dec. 14)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Up 10%<\/span><\/td>\n<td><a href=\"https:\/\/trends.google.com\/trends\/explore?date=today%205-y&amp;geo=US&amp;q=homes%20for%20sale#cmpt=q\"><span style=\"font-weight: 400;\">Google Trends<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><b>Touring activity<\/b><\/td>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Down 19% from the start of the year (as of Dec. 14)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At this time last year, it was down 22% from the start of 2024<\/span><\/td>\n<td><a href=\"https:\/\/showingtimeplus.com\/daily-showing-activity\"><span style=\"font-weight: 400;\">ShowingTime<\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Key housing-market data<\/h3>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"4\"><b>U.S. highlights: Four weeks ending Dec. 14, 2025<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Redfin\u2019s national metrics include data from 400+ U.S. metro areas and are based on homes listed and\/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.\u00a0<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><b>Four weeks ending Dec. 14, 2025<\/b><\/td>\n<td><b>Year-over-year change<\/b><\/td>\n<td><b>Notes<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Median sale price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$387,725<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.7%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median asking price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$378,761<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.3%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median monthly mortgage payment<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$2,412 at a 6.22% mortgage rate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Lowest level of 2025<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">60,881<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-5.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Biggest decline in 11 months<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">57,721<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-3.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Biggest decline of 2025<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Active listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">1,105,311<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Smallest increase since Jan. 2024<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Months of supply\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">4.5<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+0.3 pts.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4 to 5 <\/span><a href=\"https:\/\/www.redfin.com\/definition\/monthsof-supply\"><span style=\"font-weight: 400;\">months of supply<\/span><\/a><span style=\"font-weight: 400;\"> is considered balanced, with a lower number indicating seller\u2019s market conditions\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes off market in two weeks\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">23.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 26%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Median days on market<\/b><\/td>\n<td><span style=\"font-weight: 400;\">52<\/span><\/td>\n<td><span style=\"font-weight: 400;\">+6 days<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes sold above list price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">21.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 24%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><b>Average sale-to-list price ratio\u00a0<\/b><\/td>\n<td><span style=\"font-weight: 400;\">98.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Down from 98.4%<\/span><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<thead>\n<tr>\n<th colspan=\"4\">\n<p style=\"text-align: left;\"><b>Metro-level highlights: Four weeks ending Dec. 14, 2025<\/b><\/p>\n<p style=\"text-align: left;\"><i><span style=\"font-weight: 400;\">Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.\u00a0<\/span><\/i><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year increases<\/b><\/th>\n<th style=\"text-align: left;\"><b>Metros with biggest year-over-year decreases<\/b><\/th>\n<th>\n<p style=\"text-align: left;\"><b>Notes<\/b><\/p>\n<\/th>\n<\/tr>\n<tr>\n<th style=\"text-align: left;\"><b>Median sale price<\/b><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Detroit (14.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pittsburgh (8.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nassau County, NY (7.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Francisco (7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">New Brunswick, NJ (6.5%)<\/span><\/th>\n<th style=\"text-align: left;\"><span style=\"font-weight: 400;\">Dallas (-6.8%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sacramento, CA (-4.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Austin, TX (-4.1%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oakland, CA (-3.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Seattle (-3.1%)<\/span><\/th>\n<th>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Declined in 14 metros<\/span><\/p>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><b>Pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL (10.7%)\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Virginia Beach, VA (6.5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Miami (6.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Boston (5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pittsburgh (1.7%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Phoenix (0.7%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">San Jose, CA (-35.1%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Houston (-20.9%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oakland, CA (-17.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tampa, FL (-17.3%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Denver (-16.3%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increased in just 6 metros<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>New listings<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Boston (5.3%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Diego (5.2%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Philadelphia (5.1%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cleveland (5%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">San Francisco (4.7%)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">San Antonio (-21.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tampa, FL (-18.4%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jacksonville, FL (-14.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fort Lauderdale, FL (-13.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">West Palm Beach, FL (-13.5%)<\/span><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Refer to our<\/span> <a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\"><span style=\"font-weight: 400;\">metrics definition page<\/span><\/a><span style=\"font-weight: 400;\"> for explanations of all the metrics used in this report.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-83335 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-price-1217.png\" alt=\"\" width=\"898\" height=\"669\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-price-1217.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-price-1217-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-price-1217-768x572.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-83336 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/asking-price-1217.png\" alt=\"\" width=\"900\" height=\"668\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/asking-price-1217.png 900w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/asking-price-1217-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/asking-price-1217-768x570.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-83337 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/housing-payments-1217.png\" alt=\"\" width=\"900\" height=\"669\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/housing-payments-1217.png 900w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/housing-payments-1217-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/housing-payments-1217-768x571.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83338 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/pending-sales-1217.png\" alt=\"\" width=\"897\" height=\"668\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/pending-sales-1217.png 897w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/pending-sales-1217-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/pending-sales-1217-768x572.png 768w\" sizes=\"(max-width: 897px) 100vw, 897px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83339 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/new-listings-1217.png\" alt=\"\" width=\"899\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/new-listings-1217.png 899w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/new-listings-1217-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/new-listings-1217-768x573.png 768w\" sizes=\"(max-width: 899px) 100vw, 899px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83340 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/active-listings-1217.png\" alt=\"\" width=\"897\" height=\"669\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/active-listings-1217.png 897w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/active-listings-1217-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/active-listings-1217-768x573.png 768w\" sizes=\"(max-width: 897px) 100vw, 897px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83341 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/mos-1217.png\" alt=\"\" width=\"901\" height=\"667\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/mos-1217.png 901w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/mos-1217-300x222.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/mos-1217-768x569.png 768w\" sizes=\"(max-width: 901px) 100vw, 901px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83342 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/two-weeks-1217.png\" alt=\"\" width=\"898\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/two-weeks-1217.png 898w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/two-weeks-1217-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/two-weeks-1217-768x574.png 768w\" sizes=\"(max-width: 898px) 100vw, 898px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83343 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/dom-1217.png\" alt=\"\" width=\"894\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/dom-1217.png 894w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/dom-1217-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/dom-1217-768x576.png 768w\" sizes=\"(max-width: 894px) 100vw, 894px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83344 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sold-above-list-1217.png\" alt=\"\" width=\"899\" height=\"671\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sold-above-list-1217.png 899w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sold-above-list-1217-300x224.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sold-above-list-1217-768x573.png 768w\" sizes=\"(max-width: 899px) 100vw, 899px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83345 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-to-list-1217.png\" alt=\"\" width=\"896\" height=\"666\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-to-list-1217.png 896w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-to-list-1217-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/sale-to-list-1217-768x571.png 768w\" sizes=\"(max-width: 896px) 100vw, 896px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83346 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/demand-index-1217.png\" alt=\"\" width=\"899\" height=\"668\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/demand-index-1217.png 899w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/demand-index-1217-300x223.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2025\/12\/demand-index-1217-768x571.png 768w\" sizes=\"(max-width: 899px) 100vw, 899px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>House hunters are retreating amid high housing costs and a seasonal slowdown, leading prospective sellers to pull back, too.\u00a0 U.S. pending home sales fell 5.8% from a year earlier during the four weeks ending December 14, the biggest decline since the start of 2025. On a metro level, pending sales declined in all but six 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