{"success":true,"data":{"pressRelease":{"id":"139091","rtpr_id":"nPn4dzmHWa-20260909","ticker":"RKT","exchange":"NYSE","all_tickers":["RKT"],"title":"Housing Supply Hits 6-Year High As New Listings Jump, Giving Buyers Bargaining Power","author":"PR Newswire","published_at":"2026-09-09T12:00:05.104Z","article_body":"Housing Supply Hits 6-Year High As New Listings Jump, Giving Buyers Bargaining Power\n\nPR Newswire\n\nSEATTLE, Sept. 9, 2026\n\n * Redfin reports U.S. new listings hit their highest level since 2022 in August,\ndriven by San Jose, Nashville and Seattle. The total number of homes for sale\nhit their highest level since 2020.\n * The median home-sale price rose 2.2% year over year.\n * Three in five homes sold below their original asking price, illustrating that\nbuyers are using their negotiating power.\nSEATTLE, Sept. 9, 2026 /PRNewswire/ -- New listings of U.S. homes for sale\nrose 2.6% month over month to their highest level in over four years in\nAugust, according to a new report\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1199449757&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnew-listings-surge-august-2026&a=report)\n from Redfin\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1814983901&u=https%3A%2F%2Fwww.redfin.com%2F&a=Redfin)\n, the real estate brokerage powered by Rocket. The surge in fresh supply was\ndriven by San Jose, CA\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1629324644&u=https%3A%2F%2Fwww.redfin.com%2Fcity%2F17420%2FCA%2FSan-Jose%2F&a=San+Jose%2C+CA)\n, where listings rose 25.5% year over year, Nashville\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1293414118&u=https%3A%2F%2Fwww.redfin.com%2Fcity%2F13415%2FTN%2FNashville&a=Nashville)\n (15.8%) and Seattle\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3531795146&u=https%3A%2F%2Fwww.redfin.com%2Fcity%2F16163%2FWA%2FSeattle&a=Seattle)\n (13.7%).\n\nMore U.S. homeowners are listing as the mortgage-rate lock-in effect fades,\nlife circumstances prompt moves and sellers adjust to a slower market.\n\nThe jump in new listings is contributing to a widening pool of overall supply:\nThe total number of homes for sale rose 3.9% from a month earlier to its\nhighest level since 2020. Seattle is also a major driver of that uptick;\nactive listings rose 24.2% year over year in August, the biggest increase in\nthe U.S. It's followed by Boston, with an 18.7% increase, and San Jose\n(17.7%).\n\nAll figures in this report are seasonally adjusted, except for median sale\nprice data and mortgage rate data.\n\nSan Jose, Nashville and Seattle each have their own reasons for the jump in\nlistings locally. Redfin economists say San Jose homeowners may be trying to\ntake advantage of renewed interest in the Bay Area fueled by the AI boom.\nThat's despite San Jose home prices remaining softer than in neighboring San\nFrancisco: San Jose's median sale price fell 2% year over year in August to\n$1.5 million, while San Francisco's rose 7.5% to $1.6 million.\n\nNashville is one of the strongest buyer's markets in the nation, with years of\nhomebuilding leaving house hunters with plenty of options\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=2858392117&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnashville-hottest-neighborhoods-2026%2F&a=plenty+of+options)\n; Redfin agents say buyers are taking their time combing through the supply of\nhomes for sale. Plus, some existing homeowners are listing because they're\ntaking note of the strong buyer's market, and want to list before prices fall,\naccording to local agents.\n\nSeattle's jump in new listings partly reflects sellers who held off last\nsummer when buyer demand weakened and are now choosing to test the market\ndespite demand remaining sluggish. New listings have trended upward over the\npast two years, but the year-over-year increase is especially large now\nbecause listings dipped in summer 2025. Meanwhile, homes in Seattle are taking\nlonger to find buyers: Prices are down 5.3% year over year to $797,192,\npending sales are down 14.2%, and Redfin agents say tech-sector job\nuncertainty is making buyers cautious. That combination of more sellers and\nfewer buyers is causing Seattle's overall inventory to pile up.\n\nHomebuying Demand Stalls as Housing Costs Stay High\n\nOn the buying side, pending home sales were essentially flat (0.1%) from a\nmonth earlier in August. That brought the number of pending sales just\nslightly above July's 1-year low. Closed home sales, a more lagging indicator\nof demand, fell 0.5% month over month to their lowest level in over a year.\n\nHomebuying demand is stagnant largely because housing costs are stubbornly\nhigh, pushing would-be buyers to the sidelines. The median U.S. home-sale\nprice rose 2.2% year over year to $398,596, the highest August level on\nrecord. The monthly average mortgage rate jumped to 6.67%, the highest level\nin over a year.\n\n\"Even though housing is still expensive, the good news for homebuyers is that\nmost other market forces are tilting in their favor,\" said Chen Zhao\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=2649823500&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fauthor%2Fchen-zhao%2F&a=Chen+Zhao)\n, Redfin's head of economics research. \"More listings mean buyers can take\ntheir time, compare homes and negotiate instead of feeling pressured to jump\non the first decent property they see. In many parts of the country, buyers\nmay be able to negotiate on price\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3091837531&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-july-2026%2F&a=negotiate+on+price)\n, repairs or closing costs—and walk away if the numbers don't work. That\ndoesn't make a home within reach for everyone, but for people who can afford\nto buy now, it's a much friendlier market than it was a few years ago.\"\n\nHomebuying Demand Rises in San Francisco, Falls in Seattle\n\nNot every metro area is equal when it comes to homebuying demand; it's strong\nin some parts of the country and weaker in others. That's part of the reason\nwhy sales are stagnant nationally.\n\nHome sales rose fastest in San Francisco, where they ticked up 9.5% year over\nyear. San Francisco's housing market is red-hot, benefiting from a surge of AI\nwealth\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3546328975&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fsan-francisco-luxury-home-prices-chatgpt%2F&a=surge+of+AI+wealth)\n that's concentrated in the city. The next-biggest increases were in Newark,\nNJ (8.3%) and New York (5.4%), which are typically strong markets because of\ntheir proximity to a major job center.\n\nOn the flip side, home sales fell most in Houston (-10.4% year over year),\nDetroit (-9%) and Seattle (-8%). A recent Redfin analysis\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1325475363&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Ftwo-tech-cities-housing-san-francisco-seattle%2F&a=recent+Redfin+analysis)\n compared Seattle's tepid housing market to San Francisco's hot market: While\nboth cities are major tech hubs, San Francisco is roaring back because AI\nwealth is heavily concentrated in the city, while Seattle tech workers are\nfeeling uncertain about their jobs. Redfin Premier agent Sheryl Wingate\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1194779028&u=https%3A%2F%2Fsherylwingate.com%2F&a=Sheryl+Wingate)\n said tech layoffs are dampening homebuying demand across the greater Seattle\narea.\n\nBuyers Are Scoring Discounts—Especially in Florida and Texas\n\nSlow sales are allowing many of the buyers who are out there to get deals.\n\nThree in five (59.5%) U.S. homes sold below their original asking price in\nAugust. That share has held steady for the last year and a half.\n\nIn West Palm Beach, 85% of homes sold below asking price, the highest share in\nthe U.S. It's followed by Miami (83%), then three Texas metros: Austin (82%),\nSan Antonio (82%) and Dallas (79%).\n\nThose are all among the strongest buyer's markets in the country. Years of\nhomebuilding has left Texas flush with inventory, while in West Palm Beach and\nMiami, luxury home sales are a big driver of the market—and many\nultra-expensive homes sell below their asking price, even though the sale\nprice remains quite high.\n\nThe story is different in hot markets. In San Francisco, just 30% of homes\nsold below asking price in August, the smallest share in the country. Next\ncome Newark (33%), San Jose (38%), Oakland (41%) and Montgomery County, PA\n(44%). In Newark and Montgomery County, limited supply has kept competition\nrelatively strong. In the Bay Area, AI-fueled wealth and demand are keeping\nhomes competitive, especially in San Francisco.\n\nAugust 2026 Housing Market Highlights: United States\n                                                                         August 2026  Month-over-month change  Year-over-year change\n Median sale price                                                       $398,596     n/a                      2.2 %\n Existing-home sales, seasonally adjusted annual rate                    4,262,396    -0.6 %                   -0.1 %\n Pending home sales                                                      336,973      0.1 %                    -1.3 %\n Homes sold                                                              291,769      -0.5 %                   -0.4 %\n New listings                                                            393,178      2.6 %                    4.3 %\n Total homes for sale (active listings)                                  1,534,918    3.9 %                    2.7 %\n Months of supply                                                        3.9          unchanged                0.1\n Median days on market                                                   50           unchanged                unchanged\n Share of homes that sold below original list price                      59.5 %       -0.5 ppts                -1.6 ppts\n Average sale-to-original-list-price ratio                               96.4 %       0.1 ppt                  0.3 ppts\n Pending sales that fell out of contract, as % of overall pending sales  13.9 %       -0.1 ppts                0.6 ppts\n Monthly average 30-year fixed mortgage rate                             6.67 %       0.12 ppts                0.08 ppts\n\nAugust 2026 Metro-Level Highlights\n\nThe figures below are based on a list of the 50 most populous U.S.\nmetropolitan areas. Some metros may be removed from time to time to ensure\ndata accuracy. Refer to Redfin's metrics definition page\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=775246914&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2Fmethodology%2F%23elementor-toc__heading-anchor-11&a=metrics+definition+page)\nfor explanations of metrics used in this report. All changes below represent\nyear-over-year changes.\n\n * Prices: Median sale prices rose most from a year earlier in West Palm Beach,\nFL (8.6%), Milwaukee (7.8%) and San Francisco (7.5%). They fell most in\nAustin, TX (-6.3%), Seattle (-5.3%) and Fort Worth, TX (-2.6%).\n * Pending home sales: Pending sales rose most in Milwaukee (6.5%), Virginia\nBeach, VA (5.2%) and Cincinnati (5.1%). They fell most in Seattle (-14.2%),\nDenver (-13.5%) and Houston (-11.5%).\n * Closed home sales: Home sales rose most in San Francisco (9.5%), Newark, NJ\n(8.3%) and New York (5.4%). They fell most in Houston (-10.4%), Detroit (-9%)\nand Seattle (-8%).\n * New listings: New listings rose most in San Jose, CA (25.5%), Nashville\n(15.8%) and Seattle (13.7%). They fell most in Dallas (-7.4%), Fort Worth, TX\n(-6.8%) and Indianapolis (-4.5%).\n * Active listings: Active listings rose most in Seattle (24.2%), Boston (18.7%)\nand San Jose, CA (17.7%). They fell most in Jacksonville, FL (-15.9%), Miami\n(-14.3%) and West Palm Beach (-14.1%).\n * Days on market: In Jacksonville, the typical home that went under contract did\nso in 68 days, which was 14 days faster than a year earlier—the biggest\ndecline among the metros analyzed. Next came West Palm Beach (-13 days) and\nSan Diego (-12 days). Days on market increased the most in Tampa, FL (+17\ndays) and Orlando (+10 days), followed by Philadelphia, Indianapolis and Las\nVegas (+5 days apiece).\nTo read the full report, including charts and additional metro-level data,\nplease visit: https://www.redfin.com/news/new-listings-surge-august-2026\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=4111929436&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnew-listings-surge-august-2026&a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnew-listings-surge-august-2026)\n\nAbout Redfin\nRedfin is a technology-driven real estate company with the country's\nmost-visited real estate brokerage website. As part of Rocket Companies (NYSE:\nRKT), Redfin is creating an integrated homeownership platform from search to\nclose to make the dream of homeownership more affordable and accessible for\neveryone. Redfin's clients can see homes first with on-demand tours, easily\napply for a home loan with Rocket Mortgage, and save thousands in fees while\nworking with a top local agent.\n\nYou can find more information about Redfin and get the latest housing market\ndata and research at https://www.redfin.com/news\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1322702706&u=https%3A%2F%2Fwww.redfin.com%2Fnews&a=https%3A%2F%2Fwww.redfin.com%2Fnews)\n. For more information about Rocket Companies, visit\nhttps://www.rocketcompanies.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3662443672&u=https%3A%2F%2Fwww.rocketcompanies.com&a=https%3A%2F%2Fwww.rocketcompanies.com)\n.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/housing-supply-hits-6-year-high-as-new-listings-jump-giving-buyers-bargaining-power-302873117.html\n(https://www.prnewswire.com/news-releases/housing-supply-hits-6-year-high-as-new-listings-jump-giving-buyers-bargaining-power-302873117.html)\n\nSOURCE Redfin\n\n\n\nRedfin, Redfin Journalist Services, Kynsay Hunt, press@redfin.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS690711/Redfin-Powered-by-Rocket-Logo.jpg?id=OA2937306\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn4dzmHWa-20260909","title":"Housing Supply Hits 6-Year High As New Listings Jump, Giving Buyers Bargaining Power","author":"PR Newswire","ticker":"RKT","created":"2026-09-09T12:00:05.104Z","tickers":["RKT"],"exchange":"NYSE","article_body":"Housing Supply Hits 6-Year High As New Listings Jump, Giving Buyers Bargaining Power\n\nPR Newswire\n\nSEATTLE, Sept. 9, 2026\n\n * Redfin reports U.S. new listings hit their highest level since 2022 in August,\ndriven by San Jose, Nashville and Seattle. The total number of homes for sale\nhit their highest level since 2020.\n * The median home-sale price rose 2.2% year over year.\n * Three in five homes sold below their original asking price, illustrating that\nbuyers are using their negotiating power.\nSEATTLE, Sept. 9, 2026 /PRNewswire/ -- New listings of U.S. homes for sale\nrose 2.6% month over month to their highest level in over four years in\nAugust, according to a new report\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1199449757&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnew-listings-surge-august-2026&a=report)\n from Redfin\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1814983901&u=https%3A%2F%2Fwww.redfin.com%2F&a=Redfin)\n, the real estate brokerage powered by Rocket. The surge in fresh supply was\ndriven by San Jose, CA\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1629324644&u=https%3A%2F%2Fwww.redfin.com%2Fcity%2F17420%2FCA%2FSan-Jose%2F&a=San+Jose%2C+CA)\n, where listings rose 25.5% year over year, Nashville\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1293414118&u=https%3A%2F%2Fwww.redfin.com%2Fcity%2F13415%2FTN%2FNashville&a=Nashville)\n (15.8%) and Seattle\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3531795146&u=https%3A%2F%2Fwww.redfin.com%2Fcity%2F16163%2FWA%2FSeattle&a=Seattle)\n (13.7%).\n\nMore U.S. homeowners are listing as the mortgage-rate lock-in effect fades,\nlife circumstances prompt moves and sellers adjust to a slower market.\n\nThe jump in new listings is contributing to a widening pool of overall supply:\nThe total number of homes for sale rose 3.9% from a month earlier to its\nhighest level since 2020. Seattle is also a major driver of that uptick;\nactive listings rose 24.2% year over year in August, the biggest increase in\nthe U.S. It's followed by Boston, with an 18.7% increase, and San Jose\n(17.7%).\n\nAll figures in this report are seasonally adjusted, except for median sale\nprice data and mortgage rate data.\n\nSan Jose, Nashville and Seattle each have their own reasons for the jump in\nlistings locally. Redfin economists say San Jose homeowners may be trying to\ntake advantage of renewed interest in the Bay Area fueled by the AI boom.\nThat's despite San Jose home prices remaining softer than in neighboring San\nFrancisco: San Jose's median sale price fell 2% year over year in August to\n$1.5 million, while San Francisco's rose 7.5% to $1.6 million.\n\nNashville is one of the strongest buyer's markets in the nation, with years of\nhomebuilding leaving house hunters with plenty of options\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=2858392117&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnashville-hottest-neighborhoods-2026%2F&a=plenty+of+options)\n; Redfin agents say buyers are taking their time combing through the supply of\nhomes for sale. Plus, some existing homeowners are listing because they're\ntaking note of the strong buyer's market, and want to list before prices fall,\naccording to local agents.\n\nSeattle's jump in new listings partly reflects sellers who held off last\nsummer when buyer demand weakened and are now choosing to test the market\ndespite demand remaining sluggish. New listings have trended upward over the\npast two years, but the year-over-year increase is especially large now\nbecause listings dipped in summer 2025. Meanwhile, homes in Seattle are taking\nlonger to find buyers: Prices are down 5.3% year over year to $797,192,\npending sales are down 14.2%, and Redfin agents say tech-sector job\nuncertainty is making buyers cautious. That combination of more sellers and\nfewer buyers is causing Seattle's overall inventory to pile up.\n\nHomebuying Demand Stalls as Housing Costs Stay High\n\nOn the buying side, pending home sales were essentially flat (0.1%) from a\nmonth earlier in August. That brought the number of pending sales just\nslightly above July's 1-year low. Closed home sales, a more lagging indicator\nof demand, fell 0.5% month over month to their lowest level in over a year.\n\nHomebuying demand is stagnant largely because housing costs are stubbornly\nhigh, pushing would-be buyers to the sidelines. The median U.S. home-sale\nprice rose 2.2% year over year to $398,596, the highest August level on\nrecord. The monthly average mortgage rate jumped to 6.67%, the highest level\nin over a year.\n\n\"Even though housing is still expensive, the good news for homebuyers is that\nmost other market forces are tilting in their favor,\" said Chen Zhao\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=2649823500&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fauthor%2Fchen-zhao%2F&a=Chen+Zhao)\n, Redfin's head of economics research. \"More listings mean buyers can take\ntheir time, compare homes and negotiate instead of feeling pressured to jump\non the first decent property they see. In many parts of the country, buyers\nmay be able to negotiate on price\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3091837531&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-july-2026%2F&a=negotiate+on+price)\n, repairs or closing costs—and walk away if the numbers don't work. That\ndoesn't make a home within reach for everyone, but for people who can afford\nto buy now, it's a much friendlier market than it was a few years ago.\"\n\nHomebuying Demand Rises in San Francisco, Falls in Seattle\n\nNot every metro area is equal when it comes to homebuying demand; it's strong\nin some parts of the country and weaker in others. That's part of the reason\nwhy sales are stagnant nationally.\n\nHome sales rose fastest in San Francisco, where they ticked up 9.5% year over\nyear. San Francisco's housing market is red-hot, benefiting from a surge of AI\nwealth\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3546328975&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fsan-francisco-luxury-home-prices-chatgpt%2F&a=surge+of+AI+wealth)\n that's concentrated in the city. The next-biggest increases were in Newark,\nNJ (8.3%) and New York (5.4%), which are typically strong markets because of\ntheir proximity to a major job center.\n\nOn the flip side, home sales fell most in Houston (-10.4% year over year),\nDetroit (-9%) and Seattle (-8%). A recent Redfin analysis\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1325475363&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Ftwo-tech-cities-housing-san-francisco-seattle%2F&a=recent+Redfin+analysis)\n compared Seattle's tepid housing market to San Francisco's hot market: While\nboth cities are major tech hubs, San Francisco is roaring back because AI\nwealth is heavily concentrated in the city, while Seattle tech workers are\nfeeling uncertain about their jobs. Redfin Premier agent Sheryl Wingate\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1194779028&u=https%3A%2F%2Fsherylwingate.com%2F&a=Sheryl+Wingate)\n said tech layoffs are dampening homebuying demand across the greater Seattle\narea.\n\nBuyers Are Scoring Discounts—Especially in Florida and Texas\n\nSlow sales are allowing many of the buyers who are out there to get deals.\n\nThree in five (59.5%) U.S. homes sold below their original asking price in\nAugust. That share has held steady for the last year and a half.\n\nIn West Palm Beach, 85% of homes sold below asking price, the highest share in\nthe U.S. It's followed by Miami (83%), then three Texas metros: Austin (82%),\nSan Antonio (82%) and Dallas (79%).\n\nThose are all among the strongest buyer's markets in the country. Years of\nhomebuilding has left Texas flush with inventory, while in West Palm Beach and\nMiami, luxury home sales are a big driver of the market—and many\nultra-expensive homes sell below their asking price, even though the sale\nprice remains quite high.\n\nThe story is different in hot markets. In San Francisco, just 30% of homes\nsold below asking price in August, the smallest share in the country. Next\ncome Newark (33%), San Jose (38%), Oakland (41%) and Montgomery County, PA\n(44%). In Newark and Montgomery County, limited supply has kept competition\nrelatively strong. In the Bay Area, AI-fueled wealth and demand are keeping\nhomes competitive, especially in San Francisco.\n\nAugust 2026 Housing Market Highlights: United States\n                                                                         August 2026  Month-over-month change  Year-over-year change\n Median sale price                                                       $398,596     n/a                      2.2 %\n Existing-home sales, seasonally adjusted annual rate                    4,262,396    -0.6 %                   -0.1 %\n Pending home sales                                                      336,973      0.1 %                    -1.3 %\n Homes sold                                                              291,769      -0.5 %                   -0.4 %\n New listings                                                            393,178      2.6 %                    4.3 %\n Total homes for sale (active listings)                                  1,534,918    3.9 %                    2.7 %\n Months of supply                                                        3.9          unchanged                0.1\n Median days on market                                                   50           unchanged                unchanged\n Share of homes that sold below original list price                      59.5 %       -0.5 ppts                -1.6 ppts\n Average sale-to-original-list-price ratio                               96.4 %       0.1 ppt                  0.3 ppts\n Pending sales that fell out of contract, as % of overall pending sales  13.9 %       -0.1 ppts                0.6 ppts\n Monthly average 30-year fixed mortgage rate                             6.67 %       0.12 ppts                0.08 ppts\n\nAugust 2026 Metro-Level Highlights\n\nThe figures below are based on a list of the 50 most populous U.S.\nmetropolitan areas. Some metros may be removed from time to time to ensure\ndata accuracy. Refer to Redfin's metrics definition page\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=775246914&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2Fmethodology%2F%23elementor-toc__heading-anchor-11&a=metrics+definition+page)\nfor explanations of metrics used in this report. All changes below represent\nyear-over-year changes.\n\n * Prices: Median sale prices rose most from a year earlier in West Palm Beach,\nFL (8.6%), Milwaukee (7.8%) and San Francisco (7.5%). They fell most in\nAustin, TX (-6.3%), Seattle (-5.3%) and Fort Worth, TX (-2.6%).\n * Pending home sales: Pending sales rose most in Milwaukee (6.5%), Virginia\nBeach, VA (5.2%) and Cincinnati (5.1%). They fell most in Seattle (-14.2%),\nDenver (-13.5%) and Houston (-11.5%).\n * Closed home sales: Home sales rose most in San Francisco (9.5%), Newark, NJ\n(8.3%) and New York (5.4%). They fell most in Houston (-10.4%), Detroit (-9%)\nand Seattle (-8%).\n * New listings: New listings rose most in San Jose, CA (25.5%), Nashville\n(15.8%) and Seattle (13.7%). They fell most in Dallas (-7.4%), Fort Worth, TX\n(-6.8%) and Indianapolis (-4.5%).\n * Active listings: Active listings rose most in Seattle (24.2%), Boston (18.7%)\nand San Jose, CA (17.7%). They fell most in Jacksonville, FL (-15.9%), Miami\n(-14.3%) and West Palm Beach (-14.1%).\n * Days on market: In Jacksonville, the typical home that went under contract did\nso in 68 days, which was 14 days faster than a year earlier—the biggest\ndecline among the metros analyzed. Next came West Palm Beach (-13 days) and\nSan Diego (-12 days). Days on market increased the most in Tampa, FL (+17\ndays) and Orlando (+10 days), followed by Philadelphia, Indianapolis and Las\nVegas (+5 days apiece).\nTo read the full report, including charts and additional metro-level data,\nplease visit: https://www.redfin.com/news/new-listings-surge-august-2026\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=4111929436&u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnew-listings-surge-august-2026&a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fnew-listings-surge-august-2026)\n\nAbout Redfin\nRedfin is a technology-driven real estate company with the country's\nmost-visited real estate brokerage website. As part of Rocket Companies (NYSE:\nRKT), Redfin is creating an integrated homeownership platform from search to\nclose to make the dream of homeownership more affordable and accessible for\neveryone. Redfin's clients can see homes first with on-demand tours, easily\napply for a home loan with Rocket Mortgage, and save thousands in fees while\nworking with a top local agent.\n\nYou can find more information about Redfin and get the latest housing market\ndata and research at https://www.redfin.com/news\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=1322702706&u=https%3A%2F%2Fwww.redfin.com%2Fnews&a=https%3A%2F%2Fwww.redfin.com%2Fnews)\n. For more information about Rocket Companies, visit\nhttps://www.rocketcompanies.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4769881-1&h=3662443672&u=https%3A%2F%2Fwww.rocketcompanies.com&a=https%3A%2F%2Fwww.rocketcompanies.com)\n.\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/housing-supply-hits-6-year-high-as-new-listings-jump-giving-buyers-bargaining-power-302873117.html\n(https://www.prnewswire.com/news-releases/housing-supply-hits-6-year-high-as-new-listings-jump-giving-buyers-bargaining-power-302873117.html)\n\nSOURCE Redfin\n\n\n\nRedfin, Redfin Journalist Services, Kynsay Hunt, press@redfin.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS690711/Redfin-Powered-by-Rocket-Logo.jpg?id=OA2937306\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-09T12:00:05.167113746Z","server_sent_at_ms":1788955205167},"received_at":"2026-09-09T12:00:05.220Z","source_url":"https://www.prnewswire.com/news-releases/housing-supply-hits-6-year-high-as-new-listings-jump-giving-buyers-bargaining-power-302873117.html"},"analysis":{"id":"127935","press_release_id":"139091","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":["Average 30-year mortgage rate hit 6.67%, the highest in over a year — headwind for Rocket's refi and purchase origination volumes","Closed home sales at their lowest level in over a year, and 13.9% of pending sales fell out of contract (up 0.6 ppts YoY)","Release is a Redfin market-research report, not an issuer financial disclosure — limited company-specific signal for RKT"],"eventType":"other","narrative":"Redfin, the brokerage owned by Rocket Companies (NYSE: RKT), reported U.S. new listings rose 2.6% month over month in August to their highest level in more than four years, while total inventory climbed 3.9% to its highest level since 2020.\n\nDemand stayed stalled: pending sales were roughly flat, closed sales fell 0.5% to their lowest level in over a year, and the average 30-year mortgage rate jumped to 6.67%, the highest in more than a year.\n\nBuyers gained leverage, with 59.5% of U.S. homes selling below their original asking price, even as the median sale price rose 2.2% year over year to $398,596, the highest August level on record.\n\nFor Rocket, the report sketches a mixed origination backdrop: fading rate lock-in and rising inventory support future purchase volume, but higher rates and stagnant demand weigh on near-term lending activity.","sentiment":"mixed","agentHooks":{"shouldPost":false,"suggestedAngle":"Six-year-high supply meets 6.67% mortgage rates — a mixed origination setup for Rocket's purchase pipeline."},"keyFigures":{"customDimensions":{"homes_sold":291769,"new_listings":393178,"homes_sold_mom":"-0.5%","active_listings":1534918,"months_of_supply":3.9,"new_listings_mom":"2.6%","new_listings_yoy":"4.3%","pending_home_sales":336973,"active_listings_mom":"3.9%","active_listings_yoy":"2.7%","median_days_on_market":50,"median_sale_price_usd":398596,"median_sale_price_yoy":"2.2%","avg_30yr_mortgage_rate":"6.67%","pending_home_sales_mom":"0.1%","existing_home_sales_saar":4262396,"fell_out_of_contract_share":"13.9%","sale_to_original_list_ratio":"96.4%","share_sold_below_original_list":"59.5%"}},"quotedText":"it's a much friendlier market than it was a few years ago.","namedEntities":{"people":[{"name":"Chen Zhao","role":"Redfin head of economics research"},{"name":"Sheryl Wingate","role":"Redfin Premier agent"},{"name":"Kynsay Hunt","role":"Redfin media contact"}],"products":["Rocket Mortgage"],"companies":[{"name":"Redfin","ticker":"RKT","relationship":"subsidiary of Rocket Companies; report author"},{"name":"Rocket Companies","ticker":"RKT","relationship":"filer and parent of Redfin"},{"name":"Rocket Mortgage","relationship":"affiliate mortgage brand referenced in Redfin's platform"}],"dollarAmounts":[{"amount":"$398,596","context":"median U.S. home-sale price in August, highest August level on record"},{"amount":"$797,192","context":"Seattle median sale price, down 5.3% year over year"},{"amount":"$1.5 million","context":"San Jose median sale price, down 2% year over year"},{"amount":"$1.6 million","context":"San Francisco median sale price, up 7.5% year over year"}]},"materialImpact":{"score":2,"reasoning":"This is a routine monthly housing-market research release from Redfin, a Rocket Companies subsidiary — no RKT financials, guidance, or strategic action are disclosed. The data (rates at 6.67%, a one-year high, with stagnant demand but rising inventory) is contextually relevant to Rocket's origination pipeline but not directly market-moving."},"tickerRelevance":{"others":[],"primary":"RKT"},"globalImportance":25,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap retail favorite (RKT)","eventGravity":"routine monthly market-research publication, no issuer financial disclosure","issuerAuthored":true,"macroRateSignal":"30-yr mortgage rate 6.67%, highest in over a year","householdBrandBoost":"moderate (Redfin/Rocket consumer brands)","retailFavoriteBoost":true,"dataSubsidiaryAuthor":"Redfin (owned by Rocket Companies)"}},"event_type":"other","event_type_secondary":null,"sentiment":"mixed","material_impact_score":2,"narrative":"Redfin, the brokerage owned by Rocket Companies (NYSE: RKT), reported U.S. new listings rose 2.6% month over month in August to their highest level in more than four years, while total inventory climbed 3.9% to its highest level since 2020.\n\nDemand stayed stalled: pending sales were roughly flat, closed sales fell 0.5% to their lowest level in over a year, and the average 30-year mortgage rate jumped to 6.67%, the highest in more than a year.\n\nBuyers gained leverage, with 59.5% of U.S. homes selling below their original asking price, even as the median sale price rose 2.2% year over year to $398,596, the highest August level on record.\n\nFor Rocket, the report sketches a mixed origination backdrop: fading rate lock-in and rising inventory support future purchase volume, but higher rates and stagnant demand weigh on near-term lending activity.","key_figures":{"customDimensions":{"homes_sold":291769,"new_listings":393178,"homes_sold_mom":"-0.5%","active_listings":1534918,"months_of_supply":3.9,"new_listings_mom":"2.6%","new_listings_yoy":"4.3%","pending_home_sales":336973,"active_listings_mom":"3.9%","active_listings_yoy":"2.7%","median_days_on_market":50,"median_sale_price_usd":398596,"median_sale_price_yoy":"2.2%","avg_30yr_mortgage_rate":"6.67%","pending_home_sales_mom":"0.1%","existing_home_sales_saar":4262396,"fell_out_of_contract_share":"13.9%","sale_to_original_list_ratio":"96.4%","share_sold_below_original_list":"59.5%"}},"named_entities":{"people":[{"name":"Chen Zhao","role":"Redfin head of economics research"},{"name":"Sheryl Wingate","role":"Redfin Premier agent"},{"name":"Kynsay Hunt","role":"Redfin media contact"}],"products":["Rocket Mortgage"],"companies":[{"name":"Redfin","ticker":"RKT","relationship":"subsidiary of Rocket Companies; report author"},{"name":"Rocket Companies","ticker":"RKT","relationship":"filer and parent of Redfin"},{"name":"Rocket Mortgage","relationship":"affiliate mortgage brand referenced in Redfin's platform"}],"dollarAmounts":[{"amount":"$398,596","context":"median U.S. home-sale price in August, highest August level on record"},{"amount":"$797,192","context":"Seattle median sale price, down 5.3% year over year"},{"amount":"$1.5 million","context":"San Jose median sale price, down 2% year over year"},{"amount":"$1.6 million","context":"San Francisco median sale price, up 7.5% year over year"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-09T12:05:04.414Z","global_importance":25,"audience_relevance":40,"importance_components":{"tickerTier":"large-cap retail favorite (RKT)","eventGravity":"routine monthly market-research publication, no issuer financial disclosure","issuerAuthored":true,"macroRateSignal":"30-yr mortgage rate 6.67%, highest in over a year","householdBrandBoost":"moderate (Redfin/Rocket consumer brands)","retailFavoriteBoost":true,"dataSubsidiaryAuthor":"Redfin (owned by Rocket Companies)"}},"durationMs":61777,"modelName":"glm-5.3-flash"}}