Key facts
- 5.8% of US home listings were withdrawn in April, a near-record rate.
- This withdrawal rate is tied with December 2025 for the highest since March 2020.
- Homes are taking longer to sell as mortgage rates remain high and prices continue to rise.
- Increased inventory and slowing buyer activity are giving buyers more negotiating power.
- Some sellers still expect pandemic-era prices, leading them to pull listings when offers are low.
In April, 5.8% of U.S. home listings were withdrawn from the market, a rate tied with December 2025 for the highest since March 2020. This trend reflects a market shift towards buyers, with many sellers pulling listings due to high prices, elevated mortgage rates, and lingering pandemic-era expectations. Homes are taking longer to sell as inventory rises faster than demand, giving buyers more negotiating power. Some sellers are strategically relisting homes after a period off the market, particularly in areas like the Bay Area, which is experiencing a boom fueled by the AI industry. Atlanta and San Jose reported the highest delisting rates in April, while Pittsburgh and Columbus had the lowest. Relistings were most common in San Francisco and San Jose.