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Sellers are pulling homes off the market at near-record rates as buyers balk at high prices
Redfin said sellers are pulling homes after longer market times and higher mortgage rates leave buyers with more leverage.
- Nearly 6% of U.S. home listings were pulled from the market in April, Redfin reported Wednesday, with 5.8% of active listings delisted—tied with December 2025 for the highest rate since March 2020.
- The surge reflects a widening standoff between sellers holding pandemic-era price expectations and buyers with negotiating leverage, prompting many homeowners to remove listings rather than accept lower offers.
- Atlanta led major metros with 10.7% of April listings pulled, while Pittsburgh saw the lowest at 3.5%; approximately 2.5% of active listings were re-listings that had been delisted within the prior 12 months.
- Patricia Ammann, a Redfin Premier agent in Arlington, Virginia, said "Sellers are still getting used to the post-pandemic normal," while buyers often offer below asking price but some sellers refuse to budge.
- Economist Mohamed El-Erian said housing remains "extremely unaffordable," with homebuyers spending roughly 42% of income on costs, while the Census Bureau reported new-home sales fell 6.2% in April amid elevated mortgage rates.
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Sellers are pulling homes off the market at near-record rates as buyers balk at high prices
Nearly 6% of U.S. home listings were pulled off the market in April, the highest rate since March 2020, according to new data. (AP Photo)
·Spokane, United States
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Total News Sources16
Leaning Left0Leaning Right1Center14Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
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