Home Purchase Cancellations Fall in April as Contract Signings Hit 4-Year High

A sale pending sign in front of a home in San Anselmo, Calif., on March 18, 2022. Justin Sullivan/Getty ImagesHome sales contract cancellations declined slightly in April, while both property listings and contract signings increased in the first four months of the year, according to two reports.A May 21 Redfin report indicated home purchase contract cancellations in April saw a slight decline of 0.1 percent from the previous month. Nationally, nearly 47,000 home sale agreements fell though, representing just 13.4 percent of homes under contract that month.