{"id":86134,"date":"2026-06-17T05:00:54","date_gmt":"2026-06-17T12:00:54","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=86134"},"modified":"2026-06-16T11:53:10","modified_gmt":"2026-06-16T18:53:10","slug":"contract-cancellations-may-2026","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/contract-cancellations-may-2026\/","title":{"rendered":"Former Red-Hot Seller\u2019s Markets, Like Atlanta, Now Lead the Nation in Canceled Home Sales"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Nationwide, 13.6% of the homebuying deals made in May fell through. That share has held steady over the last 4 months as buyers and sellers grow accustomed to today\u2019s market.\u00a0<\/i><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>4 of the 10 metros where contract cancellations were most common were in Texas, and three were in Florida; all are strong buyer\u2019s markets.\u00a0<\/i><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Deals are least likely to fall apart in San Francisco, where the local market is hot, and other seller\u2019s markets.\u00a0<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Cancellations of contracts to buy homes are most common in Atlanta, Fort Worth, TX and Jacksonville, FL. In each of those places, roughly 18% of all home-sale agreements that went under contract in May fell through.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nationwide, the portion of buyers backing out of contracts is smaller: 13.6% of May\u2019s home-sale agreements fell through. That\u2019s unchanged from a month earlier on a seasonally adjusted basis, and it\u2019s the fourth month in a row that contract cancellations have held steady at the same rate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The share of U.S. homebuying deals that have fallen through has been fairly stable for the last two years, swinging between 13.4% and 14%.<\/span><\/p>\n<div id=\"datawrapper-vis-fmmOe\" style=\"min-height: 439px;\"><script type=\"text\/javascript\" defer src=\"https:\/\/datawrapper.dwcdn.net\/fmmOe\/embed.js\" charset=\"utf-8\" data-target=\"#datawrapper-vis-fmmOe\"><\/script><noscript><img decoding=\"async\" src=\"https:\/\/datawrapper.dwcdn.net\/fmmOe\/full.png\" alt=\"Contract Cancellations Hold Steady (Line chart)\" \/><\/noscript><\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This is based on a Redfin analysis of seasonally adjusted MLS pending-sales data using our <\/span><a href=\"https:\/\/www.redfin.com\/news\/new-redfin-data-center\/\"><span style=\"font-weight: 400;\">updated housing data methodology<\/span><\/a><span style=\"font-weight: 400;\">. Please note: Homes that fell out of contract during a given month didn\u2019t necessarily go under contract that same month. This data is subject to revision.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fact that contract cancellations have steadied nationwide suggests that while affordability challenges continue to sideline some buyers, others have adjusted to higher mortgage rates. The <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">weekly average<\/span><\/a><span style=\"font-weight: 400;\"> rate has been over 6% for nearly four years, since late 2022.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cancellations have inched down from their 2023 peak as buyers and sellers enter transactions with more realistic expectations. More sellers have come to terms with the fact that it\u2019s a buyer\u2019s market in most of the country. Many of them are pricing lower from the start, some are willing to lower their asking price to attract buyers, and some are willing to negotiate to keep deals together. And buyers have generally become more accustomed to high housing payments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, deals are falling apart at a higher rate than they were in 2020-2022, when the U.S. was in a red-hot seller\u2019s market. That\u2019s because there are <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-may-2026\/\"><span style=\"font-weight: 400;\">hundreds of thousands more home sellers<\/span><\/a><span style=\"font-weight: 400;\"> than buyers, giving buyers the option to back out if they find a home they like better. House hunters are also sometimes changing their minds due to financial instability caused by geopolitical turmoil, like the Iran war, and economic uncertainty, like inflation risk and lack of job security. <\/span><\/p>\n<h3><b>Atlanta and Other Sun Belt Metros Lead the Nation in Canceled Deals\u00a0<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Deals are falling apart at a higher rate in certain parts of the country. They\u2019re most prevalent in Atlanta and parts of Florida and Texas, as those places complete their one-eighty from pandemic homebuying hotspots to the <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-may-2026\/\"><span style=\"font-weight: 400;\">strongest buyer\u2019s markets<\/span><\/a><span style=\"font-weight: 400;\"> in the nation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Atlanta, 18.8% of home-purchase agreements were canceled in May, the highest share among the 50 most populous U.S. metros with sufficient data. It\u2019s followed by four other southern metros: Fort Worth, TX (18.1%), Jacksonville, FL (17.9%), San Antonio (17.8%) and Orlando, FL (17.7%).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All in all, Texas was home to four of the 10 places where contract cancellations were most common, and Florida was home to three.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSellers need to pay attention and price realistically, because the market is leaning toward buyers,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/connie-durnal\"><span style=\"font-weight: 400;\">Connie Durnal<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin Premier agent in Dallas. \u201cI recently worked with smart sellers who knew how to get their home under contract and get the deal done: They had paid $400,000 for the home, but they listed at $390,000 because that\u2019s where the market was. They were willing to consider offers under the list price and negotiate with buyers, too.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Durnal added that when buyers find a great deal on a home, they are very likely to stick with it.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"4\"><b>10 Metro Areas Where Contracts Fell Apart at the Highest Rate, May 2026<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>U.S. metro area<\/b><\/td>\n<td><b>Pending sales that fell out of contract, as % of overall pending sales<\/b><\/td>\n<td><b>Month-over-month change in share of pending sales that fell out of contract (in percentage points)<\/b><\/td>\n<td><b>Year-over-year change in share of pending sales that fell out of contract (in percentage points)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlanta, GA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.1 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.2 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Worth, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.8 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Antonio, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.7 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.7 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.7 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Phoenix, AZ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.8 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Dallas, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.6 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Detroit, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Houston, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.9 pts.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">In Atlanta, there are <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-may-2026\/\"><span style=\"font-weight: 400;\">70% more home sellers than buyers<\/span><\/a><span style=\"font-weight: 400;\">, giving buyers the upper hand and the mindset that if they back out of one deal, they\u2019re sure to find another. In Fort Worth, there are 61% more home sellers than buyers, and in Jacksonville, the seller surplus is 74%. In both San Antonio and Houston, there are more than <\/span><i><span style=\"font-weight: 400;\">twice <\/span><\/i><span style=\"font-weight: 400;\">as many sellers as buyers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many of those southern metro areas soared in popularity during the pandemic, when low mortgage rates and remote work motivated many Americans to relocate to places with sunny weather and relative housing affordability. Construction of new homes skyrocketed to keep pace with demand, but now the demand is no longer there, due to elevated mortgage rates, higher home prices and the increasing frequency of natural disasters upping the cost of insurance and HOA fees. That has left a lot of the homes on the market, with fewer buyers.\u00a0<\/span><\/p>\n<h3><b>Home Deals Least Likely to Fall Apart in San Francisco and Other Seller\u2019s Markets<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Contract cancellations are <\/span><i><span style=\"font-weight: 400;\">least <\/span><\/i><span style=\"font-weight: 400;\">common in San Francisco, where just 3.9% of deals fell through in May. San Francisco\u2019s housing market is <\/span><a href=\"https:\/\/www.redfin.com\/news\/san-francisco-home-prices-march-2026\/\"><span style=\"font-weight: 400;\">booming<\/span><\/a><span style=\"font-weight: 400;\">, largely because of the AI boom.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next are Nassau County, NY (3.9%), New York (6.7%), San Jose, CA (7.1%) and Montgomery County, PA (7.3%). San Francisco, Nassau County and Montgomery County are three of just <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-may-2026\/\"><span style=\"font-weight: 400;\">seven seller\u2019s markets<\/span><\/a><span style=\"font-weight: 400;\"> in the U.S. House hunters in those places are motivated to hold deals together because there are more buyers than homes available for sale.\u00a0<\/span><\/p>\n<h3><b>Cancellations Are Rising Fastest on the West Coast<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Contract cancellations increased month over month on a seasonally adjusted basis in most of the metros in this analysis. The biggest uptick was in Portland, OR, where 16.3% of home-purchase agreements were called off in May, up from 14.3% a month earlier.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next comes Oakland, CA, where 10.2% of homebuying agreements were canceled, up from 8.2%. Houston (16.9%, up from 15%), Sacramento, CA (15.1%, up from 13.2%) and Pittsburgh (15.1%, up from 13.9%) round out the top five.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contract cancellations <\/span><i><span style=\"font-weight: 400;\">decreased <\/span><\/i><span style=\"font-weight: 400;\">most in Columbus, OH, where 15.1% of deals were called off in May, down from 17.2% a month earlier. Next comes another Ohio metro, Cleveland (15.1%, down from 16.5%). Miami, West Palm Beach, FL and San Antonio come next.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"4\"><b>Metro-Level Summary: Canceled Home-Purchase Agreements, May 2026<\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Data is seasonally adjusted<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Redfin analyzed the 50 most populous U.S. metros and included the 49 with sufficient data<\/span><\/i><\/td>\n<\/tr>\n<tr>\n<td><b>U.S. metro area<\/b><\/td>\n<td><b>Pending sales that fell out of contract, as % of overall pending sales<\/b><\/td>\n<td><b>Month-over-month change in share of pending sales that fell out of contract (in percentage points)<\/b><\/td>\n<td><b>Year-over-year change in share of pending sales that fell out of contract (in percentage points)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Anaheim, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlanta, GA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.1 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.2 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Austin, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.1 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.0 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Baltimore, MD<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.1 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Boston, MA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.6 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Charlotte, NC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.6 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Chicago, IL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.1 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cincinnati, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.1 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cleveland, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.4 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.8 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Columbus, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.1 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Dallas, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.6 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Denver, CO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.1 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Detroit, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Worth, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Houston, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.9 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Indianapolis, IN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.9 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.8 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Kansas City, MO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.9 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Las Vegas, NV<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.6 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Los Angeles, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.3 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Miami, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.6 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Milwaukee, WI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minneapolis, MN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.1 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.9 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Montgomery County, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.3 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.0 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nashville, TN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nassau County, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New Brunswick, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.8 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New York, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.6 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.7 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Newark, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.0 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Oakland, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.7 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.7 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Philadelphia, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.7 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.6 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Phoenix, AZ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pittsburgh, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.2 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.2 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Portland, OR<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Providence, RI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.6 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.0 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Riverside, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.6 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.9 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.7 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Antonio, TX<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.7 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.7 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Diego, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.8 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Francisco, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.2 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.1 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.0 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Seattle, WA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.0 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.3 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">St. Louis, MO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.6 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.4 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.5 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.8 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Virginia Beach, VA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.7 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.6 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Warren, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.7 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.1 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Washington, DC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 pts.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.8 pts.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.2 pts.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nationwide, 13.6% of the homebuying deals made in May fell through. That share has held steady over the last 4 months as buyers and sellers grow accustomed to today\u2019s market.\u00a0 4 of the 10 metros where contract cancellations were most common were in Texas, and three were in Florida; all are strong buyer\u2019s markets.\u00a0 Deals [&hellip;]<\/p>\n","protected":false},"author":13153,"featured_media":86136,"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":[8],"tags":[20],"dashboard":[792],"coauthors":[124],"class_list":["post-86134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","tag-housing-affordability","dashboard-home-purchase-cancellations"],"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>Former Red-Hot Seller\u2019s Markets, Like Atlanta, Now Lead the Nation in Canceled Home Sales<\/title>\n<meta name=\"description\" content=\"Nationwide, 13.6% of the homebuying deals made in May fell through, a share that&#039;s held steady for several months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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