05/17/2025
Record Home Deal Cancellations – What’s Really Happening
In June & July 2024, over 116K contracts were canceled—up to 16% of pending sales—driven by sky-high prices, near-7% mortgage rates, and pre-election nerves.
January 2025 saw 41K deals canceled (14.3%), the highest January rate on record.
February kept the trend going with high regional fallout as affordability remained a major barrier.
In March, 13.4% of deals fell through—over 52K cancellations—especially in pandemic boom markets like Orlando, San Antonio & Vegas.
April data isn’t fully in yet, but high rates and buyer caution likely kept cancellation rates elevated.
Agents—Are you seeing this in your market?
Buyers/Sellers—Did you walk away or lose a deal?
Drop your story below or DM me. Let’s unpack what’s really going on out there.