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U.S. pending home sales fall 2.5% in July 2026 as prices hit record

U.S. pending home sales fall 2.5% in July 2026 as prices hit record

Redfin said closed sales sank to a nearly two-year seasonally adjusted low while the 30-year fixed mortgage rate rose to 6.54% and failed deals reached their highest share since 2023.

Fact Check
The primary Redfin report (redfin.com/news/pending-sales-decline-july-2026) confirms every element of the claim: pending home sales fell 2.5% (335,051), closed/homes sold fell 4.1% (285,312) to the lowest seasonally adjusted level in nearly two years, median sale price reached a record July high of $407,730 (+3.2% YoY), the average 30-year fixed mortgage rate rose to 6.54% (a one-year high), and 14% of pending sales fell out of contract—the highest share since 2023. The Redfin press release and the CryptoBriefing summary corroborate these figures.
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