Overview
- Realtor.com reports delistings up 45.5% year to date and 37.9% from a year earlier, with about 6% of active listings pulled monthly, the highest pace since tracking began in 2022.
- For every 100 new listings, 27 homes were removed in November, with Miami, Denver and Houston showing the highest ratios of delistings to new listings.
- Refuge markets such as Grand Rapids, St. Louis, Cleveland, Milwaukee and Pittsburgh are logging stronger price gains while remaining roughly 20% to 30% below the national median.
- The national median list price slipped 0.4% year over year to $415,000 and the median list price per square foot fell to $222, as active listings declined 2.5% month over month but stayed up 12.6% annually for a 25th straight month above 1 million.
- Redfin data show about 15% of October pending sales fell through, led by San Antonio at 21%, followed by Fort Lauderdale, Fort Worth, Las Vegas and Jacksonville near 19% to 20%.