Former Red-Hot Seller's Markets, Like Atlanta, Now Lead the Nation in Canceled Home Sales

Contract cancellations held steady nationwide at 13.6% in May, with Atlanta leading at 18.8%, followed by Fort Worth and Jacksonville, as Texas and Florida metros dominate the highest cancellation rates. San Francisco had the lowest rate at 3.9%, reflecting its status as one of seven remaining seller’s markets. Cancellation rates remain elevated versus 2020-2022 as buyers gain more leverage and options.