Overview
- Nearly 45,000 previously withdrawn listings returned to the market in January, a decade‑high that represented 3.6% of homes for sale, according to Redfin.
- More than one‑third of those relisted properties (36.1%) came back at lower prices than before, strengthening buyer negotiating power.
- Mortgage rates recently dipped to about 5.98%—the lowest in over three years—before edging back to roughly 6% this week, offering modest affordability relief.
- Active listings in February rose 7.9% year over year but just 0.2% from January, with Realtor.com reporting nine straight months of slowing annual inventory gains and supply still about 16%–17% below 2017–2019 levels.
- Relistings are most concentrated in pricey West Coast metros such as San Jose (12.5%), San Francisco (11.4%) and Oakland (10.2%), while many Midwest and Northeast markets remain comparatively tight; Redfin estimates sellers outnumber buyers by about 600,000.