Home delistings soar 64% to the highest level in nearly a decade as buyers turn down sellers

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  • Home delistings reached a nine-year high in December after the market was inundated with sellers but not enough buyers.

An influx of housing inventory has left homeowners pulling their listings off the market at a high rate as there are not enough buyers to keep up with sellers.

Home delistings in December spiked 64% from a year ago to 73,000, their highest levels since 2015, according to CoreLogic data cited by the Wall Street Journal.

While delistings typically surge in the winter, the magnitude of the latest jump indicates an unusually wide mismatch in supply and demand.

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https://finance.yahoo.com/news/home-delistings-soar-64-highest-211447473.html

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