Purchase Cancellations Spike! - Buyers have COLD feet.

When cancellations spike, buyers in Fort Lauderdale and beyond often hit the brakes—and that’s exactly what’s happening now.

Recently, Business Insider reported that in July 2025, more than 15% of pending home purchase agreements across the U.S. fell apart. Here in Fort Lauderdale, the figure was even higher at 21.3%, marking one of the highest cancellation rates in the nation.

Buyers are feeling squeezed by rising costs—everything from mortgage payments to insurance, taxes, and upkeep has jumped significantly. With mortgage rates still hovering well above pandemic-era lows, many are second-guessing their decisions.

Added to that, with more homes on the market and fewer competing buyers, people are taking their time and stepping away if the deal doesn’t feel right. 

In my experience here in Fort Lauderdale—where new housing inventory continues to grow—buyers are in the driver’s seat more than they’ve been in years. But that confidence can evaporate fast if market sentiment shifts. Fort Lauderdale’s higher-than-average cancellation rate reflects both buyer caution and the wealth of options available.

So, what does this mean for sellers, buyers, and those watching the market?

For sellers:
Set realistic pricing expectations, be open to concessions like repair credits or closing-cost help, and understand that buyers aren’t acting from urgency these days.

For buyers:
Use this opportunity strategically. You may have bargaining power now—but don’t get stuck in analysis paralysis. Work with a local agent who can spot value and negotiate effectively.

For all of us:
Fort Lauderdale is finding its footing in a recalibrating market. A shift toward more measured, savvy homebuying could lead to a healthier balance in the long run—and that’s good for everyone involved.

If you’re curious about how these trends might affect your neighborhood, upcoming listings, or your own buying or selling plans—reach out anytime. As your Fort Lauderdale Realtor, I'm here to help you navigate it all.

Source: “Seller beware: Homebuyers are backing out of real estate deals more than ever,” Business Insider, September 3, 2025.

About Scott Morreau

Scott Morreau, P.A. is a top-rated Realtor® and Broker Associate with Real Broker, LLC, specializing in residential real estate across Fort Lauderdale, Wilton Manors, Oakland Park, Pompano Beach, Dania Beach, and surrounding Broward County communities. Licensed since 2001 and active in South Florida since 2006, Scott has closed more than $52 million in Florida real estate, including $7.1 million in the past year alone.

Ranked among the top 500 agents in the region and backed by 70+ five-star reviews, Scott is a trusted resource for luxury and waterfront homes, investment properties, including 1031 exchanges, relocations in and out of South Florida, and LGBTQ+ buyers and sellers. Known for concierge-level preparation, expert market insight, and a client-first approach he calls A Better Real Estate Experience, Scott delivers the local knowledge, strategic marketing, and personal guidance clients need to succeed.