Nearly 20 percent of residential real estate deals fell through in August, according to a new report from Redfin.

The Las Vegas Valley ranked fifth in the nation when it came to home purchase agreement cancellations with 19.4 percent, according to Redfin. Leading the country is Atlanta with 1,532 or 21 percent of all deals falling through, followed by Jacksonville, Florida (20.5 percent), Orlando (20.2 percent) and Tampa (19.4 percent).

The Redfin report noted that roughly 56,000 home purchase agreements were canceled across the country in August, which equates to about 15.1 percent of all deals. This is a 14.3 percent increase from August 2024, and is the highest percentage amount in the month of August since 2017.

The report outlined the main reason there has been a rise in cancellati

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