Post

🏡 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.