More homesellers are pulling their properties off the market. Here’s why.

The real estate market is experiencing a shift as more homesellers are choosing to take their properties off the market rather than lowering their asking prices. This trend is highlighted in a recent report from Realtor.com, which found that delistings have increased by 38% since the beginning of 2025 and 48% from a year ago.

According to Jake Krimmel, a senior economist at Realtor.com, the growing number of delistings is a clear indication of sellers’ frustration with the current state of the market. The ratio between delistings and listings has also increased, with 21 homes being taken off the market for every 100 new listings in June.

This trend could potentially create a deadlock in the housing market, as sellers who are unwilling to lower their prices may choose to wait it out rather than sell at a price they are not comfortable with. Factors such as favorable mortgage rates and the lingering effects of the red-hot housing market during the COVID-19 pandemic are also contributing to the delisting trend.

While the housing market has seen a surge in inventory in certain regions, home sales remain relatively stagnant due to high prices and mortgage rates. Pending home sales in July were down 3% compared to the same period last year, indicating a lack of urgency among buyers.

In markets like Miami, where sellers have been less willing to lower their prices, the delisting trend is particularly pronounced. Miami has the highest ratio of delisted homes to new listings, signaling renewed confidence among sellers in the city’s future prospects.

Overall, the current delisting trend reflects a shift in sellers’ attitudes towards pricing and market conditions. As the housing market continues to evolve, it will be interesting to see how sellers navigate the challenge of selling their properties in a competitive market.