Overview
- Nearly 85,000 homes were delisted in September, up 28% from a year earlier, the highest September reading in eight years, Redfin found.
- Roughly 70% of listings had been on the market 60 days or longer, signaling weak demand and prompting many owners to step back rather than accept lower offers.
- Redfin says frequent delistings are keeping inventory tighter than headline counts suggest, with relists often delayed until spring.
- Price‑cut activity intensified: Zillow reports a typical cut of about $10,000 and about $25,000 in cumulative reductions per listing in October, while national home prices rose 1.3% year over year.
- About 15% of September delistings were at risk of selling at a loss, a five‑year high, and the highest shares of pulled listings were in Miami (7.8%), Fort Lauderdale (7.7%), and Dallas, Philadelphia and West Palm Beach (7.5% each).