Home delistings soar 64% to the highest level in nearly a decade as buyers turn down sellers

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FINANCE·REAL ESTATE
Home delistings soar 64% to the highest level in nearly a decade as buyers turn down sellers

BY STUART DYOS
February 16, 2025 at 4:14 PM EST


Houses in the New York City borough Queens
LIAO PAN—CHINA NEWS SERVICE/VCG/GETTY IMAGES

Home delistings reached a nine-year high in December after the market was inundated with sellers but not enough buyers. … An influx of housing inventory has left homeowners pulling their listings off the market at a high rate as there are not enough buyers to keep up with sellers.

Home delistings in December spiked 64% from a year ago to 73,000, their highest levels since 2015, according to CoreLogic data cited by the Wall Street Journal.

While delistings typically surge in the winter, the magnitude of the latest jump indicates an unusually wide mismatch in supply and demand.

On the supply side, December saw 1.15 million U.S. homes on the market, a 16% increase from a year ago, according to the National Association of Realtors. … But demand has been weak. In 2024, home sales fell to the lowest level in nearly 30 years as mortgage rates stayed high.

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