Home Purchase Cancellations Surge To Highest Rate Since 2023 As Inventory Grows

By Mary Diduch · The Real Deal · 2026-08-21

Home Purchase Cancellations Surge To Highest Rate Since 2023 As Inventory Grows

According to reporting from The Real Deal, residential purchase cancellations climbed to 14 percent in July. This spike in broken contracts stems largely from a rise in available inventory, which hit 1.5 million homes last month. Buyers are finding more leverage to walk away from

According to reporting from The Real Deal, residential purchase cancellations climbed to 14 percent in July. This spike in broken contracts stems largely from a rise in available inventory, which hit 1.5 million homes last month. Buyers are finding more leverage to walk away from