Redfin Reports New Listings Tick Up As Summer Winds Down

Rhea-AI Summary

Redfin (NASDAQ:RKT) reports that for the four weeks ending August 16, 2026, U.S. new home listings rose 1.2% week over week to a seasonally adjusted 375,212, the highest level in over three months. At the same time, pending home sales fell 1.3% week over week and 2.4% year over year to 310,935, the lowest level since March, as high housing costs and economic uncertainty weigh on demand.

The weekly average 30‑year mortgage rate was 6.67%, near a 13‑month high, pushing the median monthly payment to $2,597. The median sale price reached $401,182, up 1.8% year over year, while the seasonally adjusted median asking price edged down 0.1% to $393,227, its first decline since January. Active listings stood at 1,497,489, up 1.2% year over year, with 3.8 months of supply. According to Redfin, markets like West Palm Beach and San Francisco led price and sales gains, while Seattle and several Texas metros saw declines.

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High housing costs and economic uncertainty pushed pending home sales to their lowest level since March

SEATTLE, Aug. 20, 2026 /PRNewswire/ -- New listings of U.S. homes for sale climbed 1.2% week over week to their highest level in over three months during the four weeks ending August 16. That's according to a new report from Redfin, the real estate brokerage powered by Rocket.

The upswing in new listings comes as homebuying demand slows: Pending home sales fell 1.3% week over week to their lowest level since March. Many house hunters are sitting on the sidelines because the economy is uncertain and housing costs are high. The weekly average mortgage rate is 6.67%, just shy of the highest level in 13 months, and the median home-sale price rose 1.8% year over year. One bit of relief for buyers: the median asking price fell 0.1%, a tiny decline but the first since January.

More sellers are entering the market partly because some of them have come to terms with today's somewhat slow housing market; they are accepting that they may need to sell for a slightly lower price than they want, and it may take them slightly longer to do so. Many homeowners who have been holding off since spring, waiting for the market to pick up, are listing now. In some parts of the country, like the Bay Area and South Florida, homebuying demand is strong, and sellers in those places are likely taking advantage of competitive markets.

Jamie Derouen, a Redfin Premier agent in the Houston area, said that in addition to market dynamics, there are always new listings because there are always people who need to move.

"Some of my clients are selling because they're retiring and downsizing, some are relocating for a job, and some are growing their families," Derouen said. "Some homeowners have been waiting for mortgage rates to fall and demand to surge—but now they realize that's unlikely to happen anytime soon, so they're taking the plunge now."

Redfin economists say that for house hunters, the uptick in new listings coupled with slow demand could be an opportunity. Buyers who see a listing that catches their eye may be able to strike a deal; with half a million more sellers than buyers in the market, some sellers are willing to accept lower prices and/or provide concessions.

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	6.72% (Aug. 19)	Down from 6.8% a week earlier	Up from 6.61%	Mortgage News Daily
Weekly average 30-year fixed mortgage rate	6.67% (week ending Aug. 13)	Just shy of highest level in over a year	Up from 6.58%	Freddie Mac
Mortgage-purchase applications (seasonally adjusted)		Down 2% from a week earlier (as of week ending Aug. 14)	Down 3%	Mortgage Bankers Association
Google searches of "homes for sale"		Down 9% from a month earlier (as of Aug. 15)	Down 8%	Google Trends
Touring activity		Up 10% from the start of the year (as of Aug. 15)	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. 16, 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
	Four weeks ending Aug. 16, 2026	Year-over-year change	Week-over-week change (where applicable)	Notes
Median sale price	$401,182	1.8 %
Median asking price (seasonally adjusted)	$393,227	-0.1 %		First decline since January
Median monthly mortgage payment (seasonally adjusted)	$2,597 at a 6.67% mortgage rate	0.6 %
Pending sales (seasonally adjusted)	310,935	-2.4 %	-1.3 %	Lowest level since March
New listings (seasonally adjusted)	375,212	5.8 %	1.2 %	Highest level in over 3 months
Active listings (seasonally adjusted)	1,497,489	1.2 %	0.4 %
Months of supply	3.8	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	31.3 %	Essentially unchanged
Median days on market	43	Unchanged
Share of home listings with price drops	20.8 %	Essentially unchanged
Share of homes sold above list price	26.7 %	Up from about 26%
Average sale-to-list price ratio	98.9 %	Up from 98.7%

 

Metro-level highlights: Four weeks ending Aug. 16, 2026 Redfin's metro-level rankings data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy
	Metros with biggest year-over-year increases	Metros with biggest year-over-year decreases	Notes
Median sale price	West Palm Beach, FL (10.2%) Newark, NJ (8.3%) Milwaukee (6.5%) San Francisco (6.5%) Pittsburgh (6.4%)	Seattle (-5.5%) Austin, TX (-3.9%) Fort Worth, TX (-2%) Dallas (-1.5%) Houston (-0.7%)
Pending sales	West Palm Beach, FL (9.6%) San Francisco (4.7%) St. Louis (4.4%) Montgomery County, PA (3.6%) Cincinnati (3%)	Seattle (-17.9%) Houston (-16.3%) San Diego (-11.8%) Denver (-11.6%) Atlanta (-8.9%)
New listings	San Jose, CA (16%) St. Louis (13.8%) Virginia Beach, VA (12.9%) Boston (11.1%) Houston (10%)	Dallas (-13.6%) Atlanta (-9.4%) San Antonio (-6.9%) Jacksonville, FL (-4.5%) Fort Worth, TX (-4.3%)

To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-new-listings-tick-up-august

About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin's clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.

You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.

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SOURCE Redfin

FAQ

How did new home listings trend in Redfin's August 20, 2026 report for Rocket (RKT)?

New home listings increased modestly in the latest period. According to Redfin, seasonally adjusted new listings rose 1.2% week over week to 375,212 for the four weeks ending August 16, 2026, reaching their highest level in more than three months as more homeowners decided to sell.

What does Redfin's August 2026 housing update mean for pending home sales and RKT watchers?

Pending home sales declined to their lowest level since March. According to Redfin, seasonally adjusted pending sales fell 1.3% week over week and 2.4% year over year to 310,935, indicating softer buyer demand that Rocket (RKT) investors may track as a signal of mortgage origination activity.

How high are U.S. mortgage rates in Redfin's August 20, 2026 report linked to RKT?

Mortgage rates remained elevated in mid‑August 2026. According to Redfin, the weekly average 30‑year fixed rate was 6.67% for the week ending August 13, while the daily average reached 6.72% on August 19, helping drive a median monthly payment of $2,597.

Are home prices still rising in Redfin's August 2026 data that RKT investors follow?

Home sale prices continued to rise year over year. According to Redfin, the U.S. median sale price reached $401,182 for the four weeks ending August 16, 2026, up 1.8% year over year, while the seasonally adjusted median asking price dipped 0.1% to $393,227.

Which U.S. metros saw the biggest price changes in Redfin's August 16, 2026 housing report?

Price performance varied widely across metros. According to Redfin, West Palm Beach led gains with a 10.2% year‑over‑year median price increase, while Seattle saw a 5.5% decline, with Austin, Fort Worth, Dallas, and Houston also recording year‑over‑year price decreases.

What does Redfin's August 2026 report suggest about housing supply and competition relevant to RKT?

Housing supply is growing but still short of a fully balanced market. According to Redfin, active listings reached 1,497,489, up 1.2% year over year, with 3.8 months of supply. About 26.7% of homes sold above list price, and the average sale‑to‑list ratio was 98.9%.