Delistings Surge 45% as Sellers Withdraw Homes Amid Price Standoff
Home sellers are retreating from the market at a record pace, with delistings jumping 45.5% year-to-date through October—the highest rate since tracking began. For every 100 new listings, 27 were withdrawn as sellers resist price cuts despite softening demand. Miami, Denver, and Houston lead this trend, exacerbating inventory constraints.
Price reductions remain muted at 18% of listings, well below pandemic-era levels. Flat listing prices since 2022 mask regional divergences, with some markets still seeing growth as buyers hunt bargains. The standoff reflects broader affordability pressures: mortgage rates NEAR 8% and persistent inflation are sidelining both first-time buyers and move-up sellers.
This dynamic threatens to freeze transaction volumes, dampen construction activity, and erode housing’s wealth effect—a key driver of consumer spending. With delistings accelerating since June, the logjam shows no signs of breaking.
