Delistings Trend Below Last Year’s Pace As Summer Comes to an End: Realtor.com® August Housing Report
PR Newswire
AUSTIN, Texas, Sept. 2, 2026
August data shows a cooler late-summer market, though sellers have not repeated last year’s retreat from the market
AUSTIN, Texas, Sept. 2, 2026 /PRNewswire/ — Pending sales declined year over year in August for the first time since last November, however, summer delistings, the ultimate sign of a non-functioning market, are 12.6% below last year’s pace, with no notable spike in July or August, according to the Realtor.com® August 2026 Monthly Housing Trends Report released today.
The national median list price was $424,500 in August, down 1.0% from July and 1.3% from a year earlier. While this marked the 10th consecutive month of annual list-price declines, the pace of the decline was roughly half of July’s 2.4% drop. At the same time, 20.4% of active listings had a price reduction, up 0.4 percentage points from July and level with price cuts year ago.
“August’s data shows a housing market entering its seasonal cool-down with less momentum than it had earlier this year,” said Danielle Hale, chief economist at Realtor.com®. “Higher mortgage rates are meeting a point in the calendar when activity typically slows, and buyers appear to be responding more selectively. The key question is whether this is a typical late-summer pause or the start of more persistent softness.”
|
Metric |
August |
Change |
Change |
Change |
Change over |
|
Median listing price |
$424,500 |
-1.0 % |
-1.3 % |
34.4 % |
-1.9 % |
|
Active listings |
1,140,035 |
1.2 % |
3.6 % |
-7.7 % |
56.9 % |
|
New listings |
401,760 |
-5.2 % |
-0.1 % |
-16.2 % |
-4.0 % |
|
Median days on market |
60 |
3 |
0 |
1 |
19 |
|
Price reductions |
20.4 % |
0.4 |
0.0 |
2.8 |
1.1 |
|
Median List Price Per Sq.Ft. |
$224 |
-1.1 % |
-1.8 % |
48.5 % |
0.8 % |
Listings in pending status fell 0.2% year over year, ending an eight-month streak of annual gains that peaked at 4.1% in May. Contract signings also declined 3.7% compared to a year ago, the second straight drop in signings as higher mortgage rates are beginning to weigh more on housing demand. Homes spent a median of 60 days on the market, three days longer than in July but unchanged from a year ago, the second consecutive month in which homes sold as fast or faster than a year ago.
Unlike last summer, however, sellers have not responded to softer conditions by withdrawing listings at historic rates. Delistings were down 12.6% from a year ago in August, following year-over-year declines of 8.3% in June and 4.7% in July. The share of active inventory that was delisted has held roughly flat at about 5.5% for six weeks.
“Price cuts, pending sales and delistings together can tell you whether sellers are satisfied, panicking, or somewhere in between,” said Jake Krimmel, senior economist at Realtor.com®. “August brings a mixed reading: buyer demand softened and price cuts rose modestly above last year’s pace, but sellers are still showing more patience than they did during last year’s late-summer delisting wave. That difference is helping the market avoid a repeat of 2025’s more severe seller pullback, at least for now.”
Price Cuts Move Above Last Year’s Pace
The 20.4% share of active listings with a price reduction was the first reading in 2026 to equal the prior-year rate. Price cuts were least common in the Northeast (14.1%) and Midwest (19.6%) and most common in the South (21.4%) and West (22.0%). The Northeast and Midwest remained above their respective year-ago price-cut rates by 1.2 and 0.8 percentage points, while the South and West nearly closed their gaps below last year’s pace.
Among the 50 largest metros, price reductions were least common in Hartford, Conn. (10.1%), New York (10.2%) and Buffalo, N.Y. (11.1%). They were most common in Denver (31.4%), Portland, Ore. (30.5%) and Salt Lake City (30.3%). Twenty-seven of the 50 largest metros had a price-cut rate above the prior year, up from a minority in July.
Annual Price Declines Ease, but Remain Broad-Based
The national median list price fell 1.2% from a year earlier, while list price per square foot, which adjusts for changes in the size mix of homes for sale, declined 1.8%. Median list prices fell 3.0% in the Northeast, 2.3% in the South and 2.1% in the West; prices were flat in the Midwest. On a price-per-square-foot basis, the Midwest rose 1.8%, while the Northeast (-0.7%), South (-2.8%) and West (-1.0%) declined.
Median list price per square foot fell in 36 of the 50 largest metros. Austin (-8.1%), Tampa, Fla. (-5.6%) and Memphis, Tenn. (-4.1%) posted the largest annual declines, while Providence, R.I. (+9.3%), Indianapolis (+4.4%) and Chicago (+3.6%) recorded the largest gains.
Inventory Growth Accelerates From a Slower Year-Ago Comparison
Active listings rose 3.6% year over year to 1,140,000, the fastest annual growth rate so far this year. The acceleration primarily reflects slower inventory growth in August 2025, when a wave of delistings reduced supply, rather than a sharp change in this year’s market. National inventory remained 11.1% below typical pre-pandemic levels.
Inventory rose across all four regions. The Midwest (+10.5%) and Northeast (+9.1%) posted the strongest annual growth, followed by the West (+3.2%) and South (+1.1%). Thirty-six of the 50 largest metros recorded annual inventory gains, led by Minneapolis (+32.9%), Buffalo (+29.8%) and Seattle (+27.3%).
New listings totaled 401,760, down 5.2% from July in a typical late-summer pullback, but also down 0.1% from a year earlier. New listings increased in the West (+1.5%), but slipped in the Midwest (-0.5%), Northeast (-0.5%), and South (-0.9%).
Looking Ahead
As the market moves into fall, Realtor.com® economists will monitor whether the gap in delistings compared with 2025 persists or reverses; whether sellers increasingly rely on price reductions, including repeat cuts; and how regional differences in inventory and price-cut activity evolve, particularly in the Midwest and Northeast.
August 2026 National and Regional Housing Overview
|
Region |
Active Listing |
New |
Median |
Median |
Median |
Median |
Price |
Price |
|
Northeast |
9.1 % |
-0.5 % |
$516,000 |
-3.6 % |
-0.9 % |
0 |
14.1 % |
1.2 |
|
Midwest |
10.5 % |
-0.5 % |
$325,000 |
0.0 % |
1.8 % |
1 |
19.6 % |
0.8 |
|
South |
1.1 % |
-0.9 % |
$380,000 |
-2.6 % |
-2.9 % |
-1 |
21.4 % |
-0.4 |
|
West |
3.2 % |
1.5 % |
$599,000 |
-2.1 % |
-1.0 % |
0 |
22.0 % |
-0.3 |
|
National Average |
3.6 % |
-0.1 % |
$424,500 |
-1.3 % |
-1.8 % |
0 |
20.4 % |
0.0 |
August 2026 Top 50 Metros Housing Overview
|
Metro |
Active Listing |
New Listing |
Median List |
Median List |
Median List |
Median Days |
Price- |
Price- |
|
Atlanta-Sandy Springs-Roswell, GA |
3.4 % |
-3.4 % |
$419,900 |
1.2 % |
-0.3 % |
2 |
25.0 % |
-0.2 |
|
Austin-Round Rock-San Marcos, TX |
0.3 % |
1.2 % |
$450,000 |
-9.8 % |
-8.1 % |
1 |
27.6 % |
-1.1 |
|
Baltimore-Columbia-Towson, MD |
19.2 % |
0.7 % |
$375,000 |
-5.5 % |
-3.2 % |
5 |
20.4 % |
1.2 |
|
Birmingham, AL |
9.9 % |
3.0 % |
$299,850 |
0.0 % |
-0.4 % |
1 |
18.8 % |
0.8 |
|
Boston-Cambridge-Newton, MA-NH |
15.0 % |
-0.1 % |
$795,000 |
-0.6 % |
-1.5 % |
6 |
14.8 % |
-3.0 |
|
Buffalo-Cheektowaga, NY |
29.8 % |
4.8 % |
$273,700 |
-4.0 % |
-2.3 % |
3 |
11.1 % |
1.5 |
|
Charlotte-Concord-Gastonia, NC-SC |
15.5 % |
0.3 % |
$429,000 |
-2.5 % |
-1.1 % |
4 |
26.0 % |
1.2 |
|
Chicago-Naperville-Elgin, IL-IN |
-6.0 % |
-7.5 % |
$395,000 |
5.4 % |
3.6 % |
-1 |
14.6 % |
-1.8 |
|
Cincinnati, OH-KY-IN |
17.1 % |
-1.2 % |
$349,900 |
1.1 % |
-0.7 % |
5 |
21.3 % |
2.4 |
|
Cleveland, OH |
13.6 % |
6.0 % |
$260,000 |
-1.8 % |
1.6 % |
0 |
20.2 % |
2.7 |
|
Columbus, OH |
10.9 % |
-1.8 % |
$379,900 |
-0.1 % |
-0.5 % |
3 |
28.2 % |
1.3 |
|
Dallas-Fort Worth-Arlington, TX |
-4.4 % |
-2.5 % |
$425,000 |
-1.2 % |
-2.0 % |
0 |
27.5 % |
-0.8 |
|
Denver-Aurora-Centennial, CO |
2.1 % |
6.4 % |
$574,900 |
-4.2 % |
-3.4 % |
-1 |
31.4 % |
0.0 |
|
Detroit-Warren-Dearborn, MI |
13.6 % |
0.8 % |
$275,000 |
-1.4 % |
1.7 % |
2 |
19.4 % |
1.5 |
|
Hartford-West Hartford-East Hartford, CT |
1.7 % |
2.2 % |
$459,950 |
2.4 % |
3.2 % |
-2 |
10.1 % |
0.3 |
|
Houston-Pasadena-The Woodlands, TX |
2.2 % |
-2.6 % |
$359,000 |
-1.6 % |
-2.2 % |
1 |
21.3 % |
-0.7 |
|
Indianapolis-Carmel-Greenwood, IN |
20.8 % |
3.5 % |
$310,000 |
-5.3 % |
4.4 % |
4 |
28.8 % |
-0.6 |
|
Jacksonville, FL |
-16.9 % |
5.5 % |
$380,000 |
-4.8 % |
-2.2 % |
-9 |
24.3 % |
-5.6 |
|
Kansas City, MO-KS |
-0.4 % |
-4.4 % |
$390,000 |
-0.5 % |
1.3 % |
0 |
18.8 % |
1.4 |
|
Las Vegas-Henderson-North Las Vegas, NV |
6.9 % |
-2.1 % |
$469,000 |
-0.9 % |
-2.2 % |
2 |
24.2 % |
0.0 |
|
Los Angeles-Long Beach-Anaheim, CA |
-0.3 % |
-2.6 % |
$1,050,000 |
-4.5 % |
-2.1 % |
0 |
16.6 % |
-0.2 |
|
Louisville/Jefferson County, KY-IN |
25.4 % |
-0.2 % |
$315,000 |
-1.6 % |
0.7 % |
5 |
23.3 % |
1.8 |
|
Memphis, TN-MS-AR |
9.8 % |
-5.4 % |
$299,990 |
-9.9 % |
-4.1 % |
4 |
25.3 % |
1.4 |
|
Miami-Fort Lauderdale-West Palm Beach, FL |
-15.0 % |
-1.0 % |
$490,000 |
-2.0 % |
-0.8 % |
-5 |
14.6 % |
-2.8 |
|
Milwaukee-Waukesha, WI |
10.7 % |
2.8 % |
$399,900 |
0.0 % |
2.6 % |
4 |
15.6 % |
0.4 |
|
Minneapolis-St. Paul-Bloomington, MN-WI |
32.9 % |
13.3 % |
$419,900 |
-3.1 % |
-2.1 % |
0 |
20.3 % |
3.3 |
|
Nashville-Davidson–Murfreesboro–Franklin, TN |
12.6 % |
0.6 % |
$539,900 |
0.0 % |
-0.8 % |
1 |
22.0 % |
0.8 |
|
New York-Newark-Jersey City, NY-NJ |
3.2 % |
-1.7 % |
$749,000 |
-1.4 % |
-0.5 % |
-2 |
10.2 % |
2.3 |
|
Oklahoma City, OK |
7.8 % |
-10.1 % |
$314,000 |
-1.9 % |
0.1 % |
5 |
23.8 % |
0.9 |
|
Orlando-Kissimmee-Sanford, FL |
-2.5 % |
5.4 % |
$415,000 |
-1.9 % |
-2.6 % |
-2 |
23.3 % |
-0.3 |
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
13.3 % |
1.4 % |
$374,900 |
-1.3 % |
-0.6 % |
4 |
16.7 % |
1.2 |
|
Phoenix-Mesa-Chandler, AZ |
5.2 % |
0.6 % |
$475,000 |
-4.8 % |
-1.4 % |
-3 |
27.6 % |
-0.8 |
|
Pittsburgh, PA |
15.0 % |
0.8 % |
$249,900 |
-1.6 % |
0.1 % |
3 |
20.8 % |
0.6 |
|
Portland-Vancouver-Hillsboro, OR-WA |
2.8 % |
-1.7 % |
$595,000 |
-0.7 % |
-2.4 % |
1 |
30.5 % |
-0.3 |
|
Providence-Warwick, RI-MA |
16.1 % |
4.9 % |
$589,000 |
-1.7 % |
9.3 % |
1 |
12.1 % |
0.3 |
|
Raleigh-Cary, NC |
6.2 % |
-2.1 % |
$450,000 |
-1.1 % |
-2.3 % |
4 |
24.1 % |
-0.8 |
|
Richmond, VA |
20.9 % |
9.3 % |
$440,000 |
2.4 % |
1.5 % |
-2 |
17.0 % |
-0.2 |
|
Riverside-San Bernardino-Ontario, CA |
-4.4 % |
1.5 % |
$589,900 |
-1.5 % |
-1.4 % |
-3 |
18.4 % |
-0.2 |
|
Sacramento-Roseville-Folsom, CA |
-4.3 % |
3.8 % |
$615,000 |
-0.8 % |
-0.7 % |
-1 |
22.3 % |
-0.5 |
|
St. Louis, MO-IL |
16.6 % |
-0.8 % |
$289,900 |
-3.4 % |
-1.2 % |
0 |
19.7 % |
2.6 |
|
Salt Lake City-Murray, UT |
10.9 % |
8.4 % |
$567,000 |
-2.7 % |
0.6 % |
-1 |
30.3 % |
-0.6 |
|
San Antonio-New Braunfels, TX |
3.8 % |
0.0 % |
$324,000 |
-1.8 % |
-3.6 % |
0 |
28.0 % |
1.2 |
|
San Diego-Chula Vista-Carlsbad, CA |
-4.9 % |
5.5 % |
$899,000 |
-5.4 % |
-2.9 % |
0 |
20.0 % |
-1.5 |
|
San Francisco-Oakland-Fremont, CA |
-13.0 % |
0.0 % |
$911,375 |
-5.0 % |
-3.8 % |
-7 |
13.9 % |
-0.9 |
|
San Jose-Sunnyvale-Santa Clara, CA |
9.0 % |
16.6 % |
$1,349,000 |
-2.1 % |
-1.3 % |
-4 |
14.6 % |
0.1 |
|
Seattle-Tacoma-Bellevue, WA |
27.3 % |
10.2 % |
$750,000 |
-3.2 % |
-1.8 % |
1 |
23.1 % |
3.1 |
|
Tampa-St. Petersburg-Clearwater, FL |
-6.4 % |
-1.4 % |
$390,000 |
-6.0 % |
-5.6 % |
-3 |
25.5 % |
-2.0 |
|
Tucson, AZ |
-0.6 % |
9.8 % |
$374,900 |
-2.6 % |
-2.5 % |
-1 |
20.6 % |
-1.9 |
|
Virginia Beach-Chesapeake-Norfolk, VA-NC |
12.2 % |
12.9 % |
$434,000 |
5.1 % |
2.9 % |
-1 |
22.6 % |
-0.2 |
|
Washington-Arlington-Alexandria, DC-VA-MD-WV |
13.8 % |
2.5 % |
$565,000 |
-5.8 % |
-2.1 % |
4 |
19.0 % |
1.5 |
Methodology
Realtor.com housing data as of August 2026. Listings include the active inventory of existing single-family homes and condos/townhomes/row homes/co-ops for the given level of geography on Realtor.com®; new construction is excluded unless listed via an MLS that provides listing data to Realtor.com®. Realtor.com® data history goes back to July 2016. The 50 largest U.S. metropolitan areas as defined by the Office of Management and Budget (OMB-202301) and Claritas 2025 estimates of household counts.
Contract signings represent the flow of homes entering pending status in a given month (i.e., homes that went under contract for the first time in that period). This is a flow measure, not a stock measure. This distinguishes it from the stock of pending listings, which measures the total number of homes under contract at a given point in time regardless of when they entered that status.
Beginning with our April 2025 report, we have transitioned to a revised national pending home sales data series that applies enhanced cleaning methods to improve consistency and accuracy over time. While the insights and commentary in this report reflect the new series, the downloadable data remains based on our legacy automated pipeline. As a result, there may be slight differences between the report figures and those in the national download file as we transition.
With the release of its January 2025 housing trends report, Realtor.com® has restated data points for some previous months. As a result of these changes, some of the data released since January 2025 will not be directly comparable with previous data releases (files downloaded before January 2025) and Realtor.com® economics research reports.
About Realtor.com®
For over 30 years, Realtor.com® has connected buyers, sellers, and renters with trusted insights, professional guidance and powerful tools to help them find their perfect home. Recognized as the No. 1 real estate site REALTOR® agents recommend, Realtor.com® delivers consumer connections and a robust suite of marketing tools to support business growth. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc.
Media Contact: Mallory Micetich, press@realtor.com
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