Delistings surge as homeowners refuse to drop asking prices: Report

A growing number of homeowners who have recently listed their properties are now choosing to remove

them from the market rather than lower their price. The trend, it's known as delisting

and it's surged by nearly 50 percent according to Realtor.com. Demand has cooled over the months after years of a hot housing market. U.S. home sales have

declined while prices remain elevated, continuing to pose challenges for prospective buyers who have

been priced out of the market. People aren't buying homes like they used to because it's just

too expensive and sellers don't want to sell at lower prices. So more of them are delisting their

properties and waiting instead. In May of this year, 47 percent more homes were removed from

the market compared to May 2024, according to Realtor.com. From January to May of this year

there were 35 percent more delistings than during the same period last year. The total number of

homes currently for sale has gone up, so there are more options for buyers right now. In June of

this year there were 29 percent more homes for sale than in June of last year The number of homes newly put up for sale in June 2025 was 6 percent higher than June 2024 so some sellers are still entering the market However from May to June of this year the number of new listings didn really grow It stayed about the same

Unlike past housing cycles where falling prices pressured underwater homeowners to sell, today's homeowners benefit from record high levels of home equity, so they have the flexibility to wait it out

This allows many sellers to withdraw their homes from the market if their asking price isn't met

Realtor.com senior economist Jake Krimmel said in a statement. Across the country in May of this year, for every 100 homes that were newly put up for sale, 13 homes were taken off the market

Now, some sellers are lowering their prices. As the market cools and sellers are struggling to get the prices they want, more of them are lowering their prices to attract buyers

In June, 20.6% of home listings had their asking prices lower. That's the highest percentage seen in any June since at least 2016, according to Realtor.com

For Straight Arrow News, I'm Lauren Keenan. If you want more on this story, download the Straight Arrow News app or visit san.com