A growing number of home sellers are removing their listings from the market, with delistings surpassing the number of active listings, according to Realtor.com. This trend suggests that sellers in sluggish housing markets are becoming increasingly frustrated.
As the nation’s housing market continues its multidecade slowdown, some home sellers are choosing to wait rather than lower prices. With limited buyer demand and a lack of interest, these owners are opting out of the market altogether.
The surge in delistings indicates that sellers are losing patience with the current market conditions. As buyers remain scarce, sellers are deciding it’s not worth cutting their prices or investing time and resources into selling their homes. Instead, they’re pulling their listings off the market and waiting for the economy to improve.
Source: https://www.marketwatch.com/story/sellers-have-gotten-tired-of-cutting-prices-in-these-real-estate-markets-so-theyre-yanking-their-houses-off-the-market-4f9e06ee