Property delistings rose by 47 percent nationally in May from last year, indicating that almost half of America’s 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 from a year earlier. With additional homes on the market, buyers can be more choosy and work to negotiate for better prices. As a result, the report noted, delistings were outpacing new listings, with 13 homes delisted in May for every 100 homes hitting the market.
