More Homesellers Are Giving Up Amid A Slow Market
People selling their homes are acting like a jaded single who keeps deleting Hinge. In September, homesellers delisted their properties at the highest rate in eight years, according to a Redfin study published yesterday.
Delistings surged 28% in September from the year before—with 5.5% of listed homes having their for-sale yard signs yanked that month, the largest share since at least 2016.
Because it’s a buyer’s market
High mortgage rates and economic uncertainty have made the early 2020s housing frenzy feel as fleeting as the sourdough baking fad—with many homes now languishing on the market for months.
For many sellers, offering a discount is the only way to woo buyers:
- 57% of properties sold in the first ten months of 2025 got a price cut, compared to 47% between 2020 and 2024, according to the National Association of Realtors.
- For people who bought their homes recently, that often entails selling at a loss. Of the properties delisted from Redfin in September, about 15% were at risk of selling below purchase price, a five-year high.
That might explain why folks who purchased their homes in the past five years were behind a disproportionate number of delistings, per Redfin.
But…some sellers pull their home from Redfin and later relist it in order to make it appear as a fresh offering and hide a price cut.—SK
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