Redfin Reports Homebuyers Have More Fresh Options Than They've Had in 4 Years

Redfin Reports Homebuyers Have More Fresh Options Than They've Had in 4 Years Homebuyers are gaining more power, with new listings jumping and demand flat

SEATTLE, Sept. 3, 2026 /PRNewswire/ -- New listings of U.S. homes for sale rose 2.1% from a week earlier on a seasonally adjusted basis, reaching their highest level in four years. That's according to a new report from Redfin, the real estate brokerage powered by Rocket.

Other key indicators for the housing market for the four weeks ending August 30:

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

6.91% (Sept. 2)

Highest level in over a

year

Up from 6.5%

Mortgage News Daily

Weekly average 30-year

fixed mortgage rate

6.66% (week ending

Aug. 27)

Essentially unchanged

from a week earlier

Up from 6.56%

Freddie Mac

Mortgage-purchase

applications (seasonally

adjusted)

Up 2% from a week

earlier (as of week

ending Aug. 28)

Essentially unchanged

(down 0.2%)

Mortgage Bankers

Association

Google searches of "homes

for sale"

Down 13% from a

month earlier (as of

Aug. 29)

Down 6%

Google Trends

Touring activity

Up 7% from the start

of the year (as of Aug.

28)

At this time last year,

it was up 22% from

the start of 2025

ShowingTime

Key housing-market data

U.S. highlights: Four weeks ending Aug. 30, 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. 30, 2026

Year-over-year

change

Week-over-week

change (where

applicable)

Notes

Median sale price

$398,632

2.2 %

Median asking price

(seasonally adjusted)

$392,828

-0.1 %

Median monthly mortgage

payment (seasonally

adjusted)

$2,592 at a 6.66% mortgage rate

0.7 %

Pending sales (seasonally

adjusted)

308,282

-2.5 %

-0.1 %

Lowest level since

February

New listings (seasonally

adjusted)

383,795

8 %

2.1 %

Highest level since

August 2022

Active listings (seasonally

adjusted)

1,511,313

2.4 %

0.4 %

Months of supply

Up from 3.7

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

30.4 %

Essentially unchanged

Median days on market

Unchanged

Share of home listings with

price drops

20.9 %

Up from 20.2%

Share of homes sold above

list price

25.9 %

Up from 25%

Average sale-to-list price

ratio

98.7 %

Up from 98.5%

Metro-level highlights: Four weeks ending Aug. 30, 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

San Francisco (9%)

West Palm Beach, FL (8.1%)

Cincinnati (7.8%)

Milwaukee (7.4%)

Pittsburgh (7.4%)

Austin, TX (-7.1%)

Seattle (-6.2%)

Fort Worth, TX (-1.9%)

San Jose, CA (-1.7%)

Orlando, FL (-1.4%)

Pending sales

Milwaukee (8.8%)

Virginia Beach, VA (3.4%)

Cincinnati (3.2%)

Chicago (2.9%)

Montgomery County, PA (2.8%)

Seattle (-15.1%)

San Diego (-14.2%)

Denver (-13.5%)

Houston (-13%)

Nassau County, NY (-10.2%)

New listings

San Jose, CA (29.4%)

Boston (26.1%)

Nashville, TN (21.5%)

Seattle (16.9%)

Philadelphia (14%)

Dallas (-11.2%)

Atlanta (-8.8%)

Fort Worth, TX (-7%)

San Antonio (-6%)

Indianapolis (-3.3%)

To view the full report, including charts, please visit: https://www.redfin.com/news/housing-market-update-new-listings-4-year-high

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.

SOURCE Redfin