Apr 22, 2025 - Real Estate
More San Diego home sales are falling through
Add Axios as your preferred source to
see more of our stories on Google.
More San Diego home sales are getting canceled as economic uncertainty and stubbornly high prices and mortgage rates are giving buyers cold feet, according to a recent Redfin report.
By the numbers: About 14% of pending home sales in San Diego County fell through in January.
- That's up from 13% a year earlier, but a touch below the national average of 14.3%.
The big picture: More deals are being canceled nationally, Redfin reports.
- Around 1 in 7 pending home sales fell through in January, the highest share for this time of year since at least 2017.
Between the lines: With inventory rising nationally, some buyers are pivoting because they think a better house could come along.
The bottom line: If you're on the hunt, don't count a listing out just because it's under contract.