Home sellers are giving up at 'unusually high rate,' says new Realtor report

[OnlinePoker]

Key Points

- Home delistings in October were up 45.5% year to date and up nearly 38% from October 2024, according to a new report from Realtor.com.

- More potential buyers are heading to what Realtor.com calls "refuge markets," cities like Grand Rapids, Michigan, and St. Louis, where home prices are lower.

- Canceled purchase agreements are also on the rise, now well above pre-pandemic levels.

https://www.cnbc.com/2025/12/08/home-sellers-delisting-high-rate-realtor.html

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I think it really should be "Home buyers are leaving the market until conditions improve"

[MichMan]

1. Looks more like they are deciding high COL areas just aren't worth it.

[Katinfl]

2. Sellers need to be realistic when they price their home.

I think too many sellers price too high and then are reluctant to lower after the property sits on the market for month after month. I am not a realtor, but I do keep abreast of what is selling in my previous neighborhood. Things have slowed down but I find the prices still too high. IMO. BTW, it’s FL and the insurance rates and HOA’s are expensive.

[CrispyQ]

3. There are a few in my neighborhood that have been on the market +2 months.

That's unheard of around here. They're usually snatched up in a few weeks, faster if they're smaller/cheaper homes. Single family starter homes in my area start at $500K.

[ratchiweenie]

4. Perhaps people are just sick of these ridiculous prices. I live in Missoula, Montana and the startin price for a small 2

bedroom home here is around $500,000. This is a Republican state and wages are not high and the economy is not great. I think people are just saying screw it.