{"id":913509,"date":"2025-11-25T08:05:45","date_gmt":"2025-11-25T13:05:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/delistings-jump-28-as-sellers-pull-homes-off-market-rather-than-settle-for-low-prices\/"},"modified":"2025-11-25T08:05:45","modified_gmt":"2025-11-25T13:05:45","slug":"delistings-jump-28-as-sellers-pull-homes-off-market-rather-than-settle-for-low-prices","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/delistings-jump-28-as-sellers-pull-homes-off-market-rather-than-settle-for-low-prices\/","title":{"rendered":"Delistings Jump 28% as Sellers Pull Homes Off Market Rather Than Settle for Low Prices"},"content":{"rendered":"

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Delistings Jump 28% as Sellers Pull Homes Off Market Rather Than Settle for Low Prices<\/b><\/p>\n

Redfin reports the number of home listings that were pulled off the market rose to a historically high level in September. Many homeowners would rather stay put than accept a low offer, and this increase in delistings is propping up home prices.<\/i><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\nNearly 85,000 U.S. sellers took their homes off the market in September, up 28% from a year earlier and the highest level for that month in eight years, according to a new report<\/a> from Redfin<\/a>, the real estate brokerage powered by Rocket.\n<\/p>\n

Delistings Have Been Rising For a Year and a Half<\/b><\/p>\n

\nThis September is compared to past Septembers because delistings are seasonal, peaking in the winter months. But looking back over the last few years shows that delistings have been rising since spring 2024, with year-over-year growth in delistings peaking at 39% in June 2025. They also surged in 2022, when mortgage rates rose from pandemic-era lows and homebuying demand dropped.\n<\/p>\n

There are several reasons more sellers are pulling their homes off the market:<\/b><\/p>\n

    \n
  1. Surge in stale listings. <\/b>7 in 10 (70%) U.S. home listings were \u201cstale\u201d in September, meaning they had been on the market for at least 60 days without going under contract. The typical home that was delisted in September had been on the market for 100 days before the seller pulled it off the market. Stale listings have been elevated for the last several years because there are half a million more home sellers than buyers<\/a> in the market. Many sellers are pulling their homes off the market rather than letting them linger, and\/or potentially cutting their price.\n<\/li>\n
  2. Slow demand. <\/b>Listings are going stale because of slow homebuying demand. Would-be buyers are sidelined<\/a> by high mortgage rates, high home prices, and widespread economic uncertainty; for instance, many Americans reported delaying a major purchase<\/a> like a home or car due to the government shutdown.\n<\/li>\n
  3. Sellers don\u2019t want to take a loss. <\/b>Roughly 15% of the homes that were delisted in September were at risk of selling at a loss, the highest share in five years. Many of those sellers likely made the difficult decision to pull their home off the market because they weren\u2019t willing to lose money.\n<\/li>\n
  4. The option to become a landlord. <\/b>Some would-be sellers would rather pull their home off the market and rent it out than sell for less money than they want. Many of them would consider listing their home again when the housing market picks up.\n<\/li>\n
  5. More total listings. <\/b>Active U.S. listings rose 8% year over year in September to their highest level for that month since 2019. When there are more homes on the market, there are more homes being taken off the market.\n<\/li>\n<\/ol>\n

    Delistings Are Also Rising as a Share of All Listings<\/b><\/p>\n

    \nDelistings are increasing faster than overall listings are increasing. Nationwide, 5.5% of all home listings were taken off the market in September. That\u2019s the highest September share since at least 2016, and it\u2019s up from 4.8% a year earlier.\n<\/p>\n

    \n\u201cThat increase is bigger than it looks on paper; it represents a fairly significant jump in delistings from last year,\u201d said Asad Khan<\/a>, a senior economist at Redfin. \u201cMore sellers are giving up because their homes have been sitting on the market for a long time, and they don\u2019t want to or can\u2019t afford to settle on accepting a low price.\u201d\n<\/p>\n

    Uptick in Delistings Is Propping Up Home Prices<\/b><\/p>\n

    \nThe total number of U.S. homes for sale was up 8%<\/a> year over year in September, pending home sales were down roughly 2%, and much of the country is firmly a buyer\u2019s market<\/a>. That combination would typically lead to lower sale prices\u2014but prices are still rising, up about 2% year over year.\n<\/p>\n

    \nThe increase in delistings helps explain why prices are rising despite tepid homebuying demand.\n<\/p>\n

    \n\u201cThe frequency of delistings is keeping inventory tighter than it looks on paper,\u201d Khan said. \u201cMany homes have a sticker price higher than buyers are willing to pay, but many sellers are unwilling to negotiate. When tens of thousands of homeowners pull their homes off the market rather than accept a low offer, it effectively reduces the supply of homes that are actually available for buyers. That keeps sale prices elevated.\u201d\n<\/p>\n

    \nNote that many prospective sellers are deciding against listing altogether, rather than putting their home on the market then pulling it off. New listings of U.S. homes for sale are stagnant<\/a>, with many would-be sellers taking note of tepid demand and staying put.\n<\/p>\n

    \n\u201cSome prospective sellers are opting not to list at all, and others are taking their home off the market if it\u2019s not getting the price they want,\u201d said Aditi Jain<\/a>, a Redfin Premier<\/a> agent in Boston<\/a>. \u201cSellers aren\u2019t motivated because, frankly, it\u2019s no longer a great time to sell; today\u2019s listings are getting one or two offers at best, compared to 10 a few years ago. They\u2019d rather rent out their home than sell for a low price, and people who don\u2019t need to move now are opting to stay put and re-list in a year or two.\u201d\n<\/p>\n

    1 in 5 Homes That Are Delisted Are Re-Listed<\/b><\/p>\n

    \nRoughly one in five homes that were delisted over the summer were re<\/i>-listed within three months: 20% of homes that were pulled off the market in July were subsequently re-listed, as were 18% of homes that were pulled in June.\n<\/p>\n

    \nDelisting is sometimes used as a selling strategy; some sellers take their homes off the market and subsequently relist at a lower price to avoid house hunters seeing a \u201cprice drop\u201d on their listing, and to reset the number of days their home has been on the market. Of the homes that were delisted in July then put back on the market, 31.6% of them have sold.\n<\/p>\n

    People Who Purchased Their Home Recently Are Most Likely to Pull It Off the Market<\/b><\/p>\n

    \nRoughly one-third (34%) of September\u2019s delistings were homes owned by sellers who purchased their home two to five years ago (between 2020 and 2023). Another 13% of the delistings were from sellers who bought the home zero to two years ago (between 2023 and 2025). Put together, nearly half (47%) of delistings were from sellers who purchased their home within the last five years.\n<\/p>\n

    \nFor context, a smaller share\u201437%\u2014of total <\/i>listings were homes owned by someone who had purchased it within the last five years, making that group disproportionately likely to pull their listings off the market.\n<\/p>\n

    \nThere are a few reasons why sellers who have only owned the home for a short period are disproportionately likely to delist.\n<\/p>\n

    \n\u201cMany homeowners who bought during the pandemic demand frenzy still expect sky-high prices. They remember a seller\u2019s market, so they\u2019re hesitant to yield to buyers who want to negotiate the price down and\/or ask for concessions,\u201d Khan said. \u201cRecent buyers are also more likely to be testing the market; maybe they would sell and move up to a bigger home in a more desirable neighborhood if they get the price they want, but otherwise they\u2019d stay put. Longtime owners, though, are more motivated to sell\u2014they\u2019re often downsizing or relocating for retirement.\u201d\n<\/p>\n

    \nAdditionally, many of the people who bought their home between 2020 and 2022 have an ultra-low mortgage rate. Some of those people are only willing to give up that low rate if they can get the price they want for their home; otherwise, the math of selling and moving may not work out.\n<\/p>\n

    Metro-Level Highlights: Delistings of Homes for Sale
    \n
    <\/b>Among the 50 most populous U.S. metros, September 2025<\/i><\/p>\n