In April, 5.8% of US home listings were withdrawn, tied for the highest share since March 2020. This trend is attributed to a shift towards a buyer's market, strained affordability due to high mortgage rates and prices, and sellers' lingering pandemic-era expectations.
In April, 5.8% of U.S. home listings were withdrawn from the market, a rate tied with December 2025 for the highest since March 2020.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.
The significant withdrawal of home listings indicates a cooling housing market where sellers are struggling to achieve their desired prices, potentially signaling a broader economic slowdown or a necessary correction in housing valuations.