US Home Sellers Retreat: Delistings Hit Highest Since March 2020
Delistings as a share of US home listings hit 5.8% in April, the highest since the pandemic onset, with Atlanta leading at 10.7%. Sellers are pulling properties as inventory outpaces demand, deepening the market stalemate.
US home sellers are pulling listings at the highest rate since the onset of the pandemic. Delistings accounted for 5.8% of all home listings in April, a level not seen since March 2020. Excluding the pandemic period, this is an all-time high.
On an absolute basis, delistings rose 3.8% month-over-month, marking the second consecutive monthly increase. Among the 50 largest metro areas, Atlanta saw the highest share at 10.7%, followed by San Jose (9.3%), and Los Angeles and Dallas (both at 7.8%).
This trend emerges as housing inventory expands faster than demand, giving buyers more negotiating leverage. Many sellers are unwilling to accept lower offers, leading to an intensifying stalemate in the housing market.
Source: The Kobeissi Letter