Business

New Redfin analysis shines spotlight on delisting surge in housing market

Young Homebuyer (WSB Radio)

SEATTLE, WA — Sellers are pulling listings from the housing market at the fastest pace in nearly a decade.

According to a new Redfin analysis, nearly 85,000 sellers took their homes off the market in September, which is up 28% from a year earlier and marks the highest for the month in eight years.

Redfin counted a home as “delisted” if it went off the market for more than 31 days without selling or going under contract as “pending” or “contingent.”

The delisting surge is a major reason prices haven’t fallen despite the presence of market conditions such as increased supply and weak demand that would normally pull prices down.



mobile apps

Everything you love about wsbradio.com and more! Tap on any of the buttons below to download our app.

amazon alexa

Enable our Skill today to listen live at home on your Alexa Devices!