Overview
- Delistings were up 45.5% year to date in October and nearly 38% from a year earlier, marking the highest annual pace since Realtor.com began tracking in 2022.
- Roughly 6% of active listings have been coming off the market each month since June, a withdrawal rate usually seen only in the winter lull.
- High-growth metros are showing the most pullbacks, with Miami, Denver and Houston posting the highest ratios of delisted to newly listed homes.
- Buyers are gravitating to lower-cost refuge markets, where prices rose 5.5% in Grand Rapids and 5% in St. Louis, still 20–30% below a national median that was 0.4% lower year over year in November yet 36% above 2019.
- Transactions are falling through more often, with roughly 15% of October purchase agreements canceled, led by San Antonio at 21% followed by Fort Lauderdale, Fort Worth, Las Vegas and Jacksonville.