U.S. Pending Home Sales Drop Almost 6% As Buyers Stay on the Sidelines -- Market Talk

Dow Jones12-18 23:00

1000 ET - U.S. pending home sales fell 5.8% from a year earlier during the four weeks ending December 14, Redfin says, the biggest decline since the start of 2025. On a metro level, pending sales declined in all but six of the 50 most populous U.S. metro areas, with the biggest drops in San Jose with 35.1% year-over-year, Houston with 20.9%, and Oakland with 17.6%. The typical U.S. home that does sell is taking 52 days to go under contract, about a week longer than last year. Redfin says house hunters are hesitant this holiday season because mortgage rates are stubbornly sitting above 6%, and home-sale prices are rising, putting homes out of reach for many would-be buyers. Slow homebuying demand is pushing would-be sellers to the sidelines, too. New listings are down 3.1% year-over-year, the biggest decline in more than two years. (chris.wack@wsj.com)

(END) Dow Jones Newswires

December 18, 2025 10:00 ET (15:00 GMT)

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