Pending Home Sales Drop in August As Summer Delistings Slow -- Market Talk

1248 ET - Pending home sales declined year-over-year in August for the first time since last November, Realtor.com says. However, summer delistings are 12.6% below last year's pace, with no notable spike in July or August. The national median list price was $424,500 in August, down 1% from July and 1.3% from a year earlier. While this marked the 10th consecutive month of annual list-price declines, the pace of the decline was roughly half of July's 2.4% drop, Realtor.com says. And 20.4% of active listings had a price reduction, up 0.4 percentage points from July. Higher mortgage rates are meeting a point in the calendar when activity typically slows, and buyers appear to be responding more selectively, Realtor.com says. The key question is whether this is a typical late-summer pause or the start of more persistent softness, according to Realtor.com. (chris.wack@wsj.com)

(END) Dow Jones Newswires

September 02, 2026 12:48 ET (16:48 GMT)