10/20/2026
๐ก **REAL ESTATE MARKET ALERT โ NEARLY 1 IN 7 HOME SALES FALLING THROUGH!** ๐
Are we seeing a shift in the housing market? The latest numbers certainly deserve attention!
According to a new Yahoo Finance article citing Redfin:
๐ **14.5% of home purchase contracts fell through nationwide in September 2026.**
๐ That's one of the highest cancellation rates on record!
๐ Some markets, including Tampa, Jacksonville, and Las Vegas, are seeing cancellation rates approaching **20%**.
๐ฐ Higher mortgage rates, financing concerns, home inspection issues, and increased buyer negotiating power are all factors affecting today's housing market.
**So, what does this mean for South Jersey homeowners?**
It doesn't mean homes aren't selling. It means sellers need to be more strategic than ever.
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Price your home correctly from the beginning.
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Address potential inspection concerns before listing.
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Make sure prospective buyers are financially qualified.
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Work with an experienced agent who can negotiate and help keep your transaction moving toward closing.
**Getting an offer is one thing. Getting to the closing table is what matters!**
Whether you're buying or selling in South Jersey, having the right strategy can make all the difference.
๐ฒ **David Huber | REALTORยฎ**
HomeSmart First Advantage Realty
๐ฑ Cell/Text: 856-322-2700
โ๏ธ Office: 856-363-3000
๐ huberhouses.com
๐ฐ **Read the full Yahoo Finance article:**
https://finance.yahoo.com/real-estate/article/homebuyers-are-canceling-sales-at-near-record-rates-100000951.html
Nationwide, 14.5% of homes fell out of contract in September.