In April 2026, US home-sale contract cancellations slightly decreased to 13.4%, the lowest since September 2024, indicating market stabilization. Sellers are lowering prices and offering concessions, while buyers show increased commitment amid stable mortgage rates. Sun Belt metros like Atlanta and San Antonio have the highest cancellation rates due to excess inventory, while tech hubs like San Francisco see the lowest. Orlando showed notable improvement, whereas Detroit experienced rising cancellations.
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