The number of homes going under contract fell 3.7% week over week nationwide—the steepest decline since 2022—as would-be buyers pressed pause amid high mortgage rates. New listings ticked up.
We’re taking a break from analysis this week, but please see the tables and charts below for this week’s housing-market data. Happy August!
For Redfin economists’ takes on the housing market, please visit Redfin’s “From Our Economists” page.
Leading indicators
| Indicators of homebuying demand and activity | ||||
| Value (if applicable) | Recent change | Year-over-year change | Source | |
| Daily average 30-year fixed mortgage rate | 6.82% (Aug. 3) | Near highest level in over a year | Up from 6.57% | Mortgage News Daily |
| Weekly average 30-year fixed mortgage rate | 6.66% (week ending July 30) | Highest level in nearly a year | Down from 6.72% | Freddie Mac |
| Mortgage-purchase applications (seasonally adjusted) | Down 4% from a week earlier (as of week ending July 29) | Up 3% | Mortgage Bankers Association | |
| Google searches of “homes for sale” | Down about 3% from a month earlier (as of Aug. 2) | Down 6% | Google Trends | |
| Touring activity | Up 12% from the start of the year (as of July 26) | At this time last year, it was up 29% from the start of 2025 | ShowingTime | |
Key housing-market data
| U.S. highlights: Four weeks ending Aug. 2, 2026
Redfin’s national metrics include data from 900+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision. |
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| Four weeks ending Aug. 2, 2026 | Year-over-year change | Week-over-week change (where applicable) | Notes | |
| Median sale price | $406,362 | 2.9% | ||
| Median asking price (seasonally adjusted) | $398,666 | 1.1% | ||
| Median monthly mortgage payment (seasonally adjusted) | $2,631 at a 6.66% mortgage rate | 0.6% | ||
| Pending sales (seasonally adjusted) | 311,150 | -1.9% | -3.7% | Lowest level in over 5 months, biggest weekly decline since 2022 |
| New listings (seasonally adjusted) | 354,313 | 0.2% | 1% | |
| Active listings (seasonally adjusted) | 1,468,943 | -0.3% | -1.5% | |
| Months of supply | 3.6 | Unchanged | 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 | 31.5% | Unchanged | ||
| Median days on market | 41 | -1 day | ||
| Share of home listings with price drops | 21.5% | Unchanged | ||
| Share of homes sold above list price | 27.6% | Up from about 27% | ||
| Average sale-to-list price ratio | 99% | Up from 98.8% | ||
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Metro-level highlights: Four weeks ending Aug. 2, 2026 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. |
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|---|---|---|---|
| Metros with biggest year-over-year increases |
Metros with biggest year-over-year decreases |
Notes |
|
| Median sale price | Newark, NJ (9.8%)
West Palm Beach, FL (9.5%) Baltimore (7.6%) St. Louis (6.8%) Cleveland (6.5%) |
San Jose, CA (-4.2%)
Seattle (-1.8%) Dallas (-1.6%) Los Angeles (-0.8%) Indianapolis (-0.4%) Portland, OR (-0.4%) Las Vegas (-0.3%) |
Declined in 7 metros |
| Pending sales | West Palm Beach, FL (13%)
Cincinnati (7.1%) Pittsburgh (6.7%) St. Louis (3.9%) Chicago (3.4%) |
Seattle (-19.8%)
Houston (-17.1%) Phoenix (-15%) Denver (-10.9%) Atlanta (-9.8%) |
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| New listings | St. Louis (13%)
San Jose, CA (11.7%) Montgomery County, PA (9.7%) Boston (9.4%) Chicago (8.1%) |
Dallas (-12.6%)
Atlanta (-10.9%) Fort Worth, TX (-10.8%) Miami (-10.1%) San Antonio (-9.8%) |
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Refer to our metrics definition page for explanations of all the metrics used in this report.
