Home sales are falling through at record levels across Florida and the U.S., according to a new Redfin report.

Roughly 15% of pending home purchases were canceled in July—the highest share for that month since records began.

Florida cities dominated the rankings, with Fort Lauderdale, Jacksonville, and Tampa all landing among the top five markets for failed deals. San Antonio, Texas, led the nation with a 22.7% cancellation rate, followed by Fort Lauderdale (21.3%), Jacksonville (19.9%), Atlanta (19.7%), and Tampa (19.5%).

Redfin said steep prices, elevated mortgage rates, and broader economic uncertainty are prompting many buyers to walk away. With more inventory available than in past years, buyers also feel less pressure to commit quickly and are more willing to back out during inspection if another home surfaces—or if repairs look too costly.

In Florida, natural disasters, surging insurance premiums, and high HOA fees are adding to buyer hesitation.

While Tampa still ranks among the highest for cancellations, the rate is slightly lower than last year, when more than one in five contracts collapsed.

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