# Pending home sales hit decade low

> Mortgage rates surge as home sales drop to 10-year low.
- Title: Pending home sales hit decade low · The Real Deal | Shortify
- Summary: Mortgage rates surge as home sales drop to 10-year low. U.S. pending home sales fell 4% from August and 8.6% year over year in September, marking the lowest…
- Keywords: pending home sales, redfin, mortgage rates, seattle, los angeles, west palm beach, real estate, business, Pending, home, sales, hit
- Source: The Real Deal — https://therealdeal.com/national/2026/10/14/pending-home-sales-havent-been-this-low-in-a-dozen-years
- Author: Holden Walter-Warner
- Published: 2026-10-14T17:34:38+00:00
- Read time: 1 min
- Topics: pending home sales, redfin, mortgage rates, seattle, los angeles, west palm beach, real estate, business
## Pending home sales down
Pending home sales fell 4 percent from August and 8.6 percent year over year in September, according to Redfin.
## Lowest since 2014
The tally marked the lowest total since spring 2014, excluding pandemic-addled April 2020.
## Seattle decline
Seattle saw a 24.4 percent year-over-year drop in pending home sales, the largest decline among major markets.
## Closed sales drop
Closed home sales hit their lowest levels since end of 2023 with 14.5 percent of deals collapsing in September.
## Key takeaway

U.S. pending home sales fell 4% from August and 8.6% year over year in September, marking the lowest level since 2014 excluding pandemic months.