Why Are So Many Homes Being Delisted from the Market?

The real estate market is showing signs of stress, and a key indicator is the sharp rise in home delistings. In December 2024, nearly 73,000 homes were removed from the market after failing to sell—a 64% increase from December 2023. Let’s break down what’s driving this trend and what it means for you.

🌟 Why Are Homes Being Delisted?

✅ High Mortgage Rates: Rates above 6% are keeping buyers on the sidelines.

✅ Unrealistic Pricing: Sellers clinging to pre-2023 values are losing buyer interest.

✅ Buyer Hesitation: Economic concerns are causing potential buyers to pause.

✅ Weak Offers: Even with incentives like mortgage rate buy-downs, builders are struggling to sell inventory.

💡 What Does This Mean for You?

For Sellers: Pricing competitively is critical. Overpriced homes are sitting longer, and many are being delisted. Presenting your home well can make a difference.

For Buyers: Delistings may signal upcoming opportunities. Homes that return to the market could come with reduced prices or sellers willing to negotiate.

📈 Is Now a Good Time to Buy or Sell?

The market is shifting, but opportunities remain. Buyers can leverage today’s conditions for deals, while sellers can succeed with the right pricing and marketing strategy.

🏡 Thinking of making a move? Let’s talk about your next steps. Contact me today!