Overview
- Realtor.com reports delistings up 45.5% year to date and 37.9% year over year in October, the highest rate since tracking began in 2022.
- Roughly 6% of active listings have been removed each month since June, with about 27 homes delisted for every 100 newly listed.
- Miami led metros by delisting intensity in October (45 per 100 new listings), followed by Denver (39), Houston (37), Los Angeles (33) and Riverside (32).
- Buyers are concentrating in lower-cost refuge markets, where prices are rising in Grand Rapids (+5.5% year over year), St. Louis (+5%), Cleveland, Milwaukee and Pittsburgh.
- National median list price slipped to $415,000, down 2.2% from October and 0.4% from a year earlier, while active listings fell month over month but were up 12.6% annually; about 15% of purchase agreements were canceled in October, Redfin says.