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Sellers taking homes off the market at fastest pace in nearly a decade
Delistings rose 28% year over year to nearly 85,000 in September as sellers face weak demand and longer market times, with 70% of listings staying over 60 days, Redfin said.
- Sellers are delisting because listings are staying on the market longer, with 70% of listings in September on the market for 60 days or more.
- Home prices are still 50% higher than five years ago, but some recent buyers face potential losses, with 15% of delisted homes in September at risk of selling at a loss.
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Coverage Details
Total News Sources20
Leaning Left1Leaning Right3Center12Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 19%
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