According to a study released on Tuesday (July 8) by the American real estate information website Realtor.com, the number of homes delisted from the market in the United States in 2025 has increased by 35% compared to the same period in 2024.
Based on Realtor.com data, in May of this year, out of every 100 homes listed for sale, 13 were removed from the market. This number is higher than the 10 homes taken off the market in the spring of 2023 and 2024, and significantly higher than the 6 homes delisted per hundred in 2022.
Jake Krimmel, Senior Economist at Realtor.com, commented that unlike previous cycles where falling house prices forced financially distressed owners to sell real estate, today’s homeowners benefit from record high home equity, allowing them the flexibility to wait for the market to rebound.
He added, “This has led many sellers to take their homes off the market when offers from buyers are below their expectations.”
The Southern and Western regions of the United States are experiencing the most severe delisting of homes. Phoenix led the nation in the number of homes delisted in May this year, and in June, it was also one of the cities with the highest price reductions nationwide.
According to Realtor.com’s statistics, Austin, Texas, and Denver, Colorado, closely followed Phoenix in terms of the magnitude of price reductions.
Danielle Hale, Chief Economist at Realtor.com, stated, “The housing market this year has two main characteristics. On one hand, buyers have more choices than in the past few years; on the other hand, many sellers are holding onto their peak price expectations, supported by sufficient asset equity, and if the selling price is not ideal, they often choose to step back and wait.”
Currently, the national housing inventory is 13% lower than before the pandemic, but researchers point out that the inventory is showing an increasing trend.
According to Realtor.com data, in June of this year, the number of active listings in the United States surpassed one million for the second consecutive month, and housing inventory in the country’s four major regions is on the rise.