Property delistings rose by 47 percent nationally in May from 2024, indicating that almost half of the United States’ sellers are pulling their properties off the market rather than negotiating the price, according to a newly released report from Realtor.com.
The report blames the increase partly on the overall expansion of active inventory, which jumped by 28 percent in June year over year. With additional homes on the market, buyers can be more choosy and work to negotiate for better prices. As a result, according to the report, delistings were outpacing new listings, with 13 homes delisted in May for every 100 homes hitting the market.
