US home sellers are retreating from the market:
Delistings as a proportion of all US home listings rose to 5.8% in April, the highest since March 2020.
Excluding the 2020 pandemic, delistings have never been this high.
The absolute number of delistings rose +3.8% MoM, marking the 2nd consecutive monthly increase.
Atlanta led among the 50 most populous US metros, with 10.7% of April listings taken off the market, followed by San Jose at 9.3%, and Los Angeles and Dallas both at 7.8%.
This comes as inventory is rising faster than demand, with buyers gaining negotiating power and many sellers refusing to accept lower offers.
The housing market stalemate is intensifying.
sellers would rather pull the listing than admit their house is not worth peak pandemic prices. everyone got way too used to properties doubling overnight and selling in two hours above asking.
since most are locked into cheap mortgage rates, they have zero actual urgency to…
— BullishRaccoon (@neuroglioma) June 7, 2026