• Redfin analysis showed 47,000 U.S. home-sale agreements were canceled in April, representing 13.4% of homes that went under contract, down 0.1 percentage point from March.
• The cancellation rate matched January for the lowest level since September 2024, signaling stabilization as buyers and sellers adjusted to a buyer-leaning market.
• Atlanta posted the highest cancellation share among major metros at 19.3%, reflecting stronger buyer leverage in several Sun Belt markets.
• San Francisco recorded the lowest cancellation rate at 2.8%, consistent with tighter conditions in seller-leaning markets.
• Orlando saw the sharpest month-over-month improvement, with cancellations falling to 16.8% from 18.5% on a seasonally adjusted basis.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Redfin Corporation published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.