Home Sellers Pulling Back, Prices Rising
Update: 2025-12-10
Description
Home sellers are increasingly removing their properties from the market or lowering prices due to buyer hesitation, with a 45% jump in delistings this year. The share of sellers cutting prices has also risen to 18%, indicating a growing gap between seller expectations and buyer willingness. This trend, seen in areas like Miami, Denver, and Houston, could slow down home sales and construction, impacting the wider economy. Despite more homeowners trying to sell, home sales remain sluggish, with median listing prices unchanged since November 2022. However, this trend is causing prices to rise in more affordable markets, reflecting the impact of higher interest rates and rapid price growth on both buyers and sellers.
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