Overview
- Nearly 85,000 homes were delisted in September, up 28% from a year earlier and the highest for any September since 2017, according to Redfin.
- Listings are aging: 70% of homes were on the market for at least 60 days in September, reflecting softer buyer traffic and widening price gaps.
- Annual home-price growth eased to 1.3% in September from 1.4% in August, and about 15% of delisted homes were at risk of a loss, the highest share in five years.
- Price cuts are deepening, with the typical listing seeing $25,000 in cumulative reductions in October, matching Zillow’s largest recorded discounts.
- Headline inventory is roughly 15% higher than a year ago, yet delistings and the winter slowdown are likely to thin what buyers can actually choose from.