Pending home sales ticked up as housing payments briefly dipped down.
U.S. pending home sales rose 1.3% from a week previously to their highest level considering that the first half of May during the four weeks ending July 5. This information is seasonally changed.
Homebuying demand got partially since of temporarily decreasing mortgage rates. The weekly average rate dipped to 6.43% on July 2, its lowest level in 6 weeks, as settlements in between the U.S. and Iran to end the war eased monetary chaos. That pressed the typical month-to-month real estate payment to $2,598, its lowest level in six weeks. The mortgage-rate respite was short; rates have since recuperated up, with the daily average increasing to 6.68% on July 8.
Home-sale costs remain stubbornly high: The average list price rose 2.2% year over year to $408,808, just about $500 shy of the all-time high.
On the listing side, would-be home sellers have not caught up to the recent uptick in need from purchasers. New listings fell 2.5% week over week to their least expensive level given that January.
“The real estate market is beginning the summertime by showing a bit of resilience,” stated Chen Zhao, Redfin’s head of economics research study. “While near-record rates and an absence of brand-new listings are keeping lots of would-be buyers on the sidelines, there are enough home hunters hitting the pavement to press pending sales up. If that pattern continues, we might get more fresh listings from sellers hoping to take advantage of demand and high prices.”
For Redfin financial experts’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Leading indications
Indicators of homebuying
need and activity Value(if applicable )Current change Year-over-year modification
Source Daily typical 30-year
fixed home loan
rate 6.68%(July 8)Up from 6.53%one
week earlier Down
from 6.73%Mortgage News Daily Weekly average
30-year set home mortgage
rate 6.43% (week ending July 2)Down from 6.49%
one week previously Down from 6.67
%Freddie Mac Mortgage-purchase applications(
seasonally adjusted)
Down 1% from a week earlier(
as of week ending July
3)Up 5%Home Mortgage Bankers AssociationGoogle searches of” homes for sale “Down more than 10%from a
month previously (since July 5)
Down 5%Google Trends Exploring activity Up
14%from the start of the year (as of July 5)At this
time in 2015, it was up 31 %from the start of 2025 ShowingTime Secret housing-market information U.S. highlights:
Four weeks ending July 5
, 2026 Redfin’s national metrics include data from 900+U.S.
city locations and are based upon homes noted and/or sold throughout the period
. Weekly housing-market data returns through
2021. Topic to modification.
4 weeks ending
July 5, 2026 Year-over-year change Week-over-week modification
(where relevant) Notes Mean list price $408,808 2.2%Average asking rate( seasonally changed )$401,029 2.5% Median month-to-month home mortgage payment(seasonally changed)$2,598 at a 6.43%home mortgage rate 0.6%Pending sales(seasonally adjusted
)337,402 6.3 %1.3%New listings(seasonally adjusted)354,412 2%-2.5% Active
listings (seasonally changed)1,485,211 0.7%-0.7
%Months of supply 3.4 -0.2 pts.
4 to 5 months of
supply is considered balanced, with a lower number indicating seller’s market conditions Share of homes off
market in
two weeks 34.3%-0.5 pts
. Mean days on market 40 +1 day Share of home listings with cost drops 19.4%-1 pt. Share of homes sold
above list
rate 28.4%Essentially the same Average sale-to-list price ratio 99.1%
Essentially unchanged
Metro-level highlights: 4 weeks ending July 5, 2026 Redfin’s metro-level information consists of
the 50 most populated U.S. metros. Select metros
may be excluded from time to
time to guarantee information precision. Metros
with most significant year-over-year boosts Metros
with greatest year-over-year declines Notes Typical list price Pittsburgh (9.2%)San Francisco(8.2 %)West Palm Beach, FL(7.6%) Philadelphia(7.6%
)Chicago (6.1% )San Jose, CA (-6 %)Seattle
(-4.5
%)Miami(-2.1%)Dallas(
-1.5%) Riverside, CA(-0.4%
)Decreased in 8 cities
Pending sales Austin, TX( 17%) West Palm Beach, FL(16.6
