Nearly 85,000 U.
S. home sellers pulled their properties off the market in September 2025, marking a 28% increase year-over-year and the highest level for that month in eight years, according to a new report from Redfin, a technology-driven real estate company. This surge in delistings follows a trend of rising withdrawals since spring 2024, with year-over-year growth peaking at 39% in June 2025.
Several factors contribute to the increase in homes being delisted. A significant portion, 70%, of U.
S. home listings were considered “stale” in September, meaning they had been on the market for at least 60 days without going under contract. The typical delisted home in September had spent 100 days on the market. Stale listings have remained elevated due to an imbalance of more sellers than buyers, leading many sellers to withdraw their homes rather than reduce prices.
Slow homebuying demand is a primary driver of stale listings. High mortgage rates, elevated home prices, and economic uncertainties, such as government shutdowns, have sidelined potential buyers. Consequently, roughly 15% of homes delisted in September were at risk of selling at a loss, the highest share in five years, prompting sellers to withdraw rather than accept an unfavorable price. Some sellers are also opting to rent out their properties instead of selling for less than desired, with intentions to relist when market conditions improve.
The overall supply of active U.
S. listings rose 8% year-over-year in September 2025, reaching its highest level for that month since 2019. While total listings increased, delistings are growing at a faster rate. Nationwide, 5.5% of all home listings were pulled off the market in September, up from 4.8% a year earlier and the highest September share since at least 2016. Asad Khan, a senior economist at Redfin, noted that this increase signifies a substantial jump in delistings from the previous year, with more sellers withdrawing due to prolonged market exposure and an unwillingness to accept low offers.
Despite tepid homebuying demand and an 8% increase in total U.
S. homes for sale, home prices continue to rise, up approximately 2% year-over-year. The increase in delistings helps explain this phenomenon. Khan explained that the frequency of delistings keeps inventory tighter than it appears, as sellers’ reluctance to negotiate or accept lower offers effectively reduces the supply of available homes, thereby sustaining elevated sale prices.
Beyond delistings, many prospective sellers are choosing not to list their homes at all. New listings remain stagnant as potential sellers observe weak demand. Aditi Jain, a Redfin Premier agent in Boston, commented that sellers are not motivated by current market conditions, where listings typically receive only one or two offers compared to several years ago. Many would prefer to rent their homes or wait to relist until the market improves.
Approximately one in five homes delisted over the summer were relisted within three months. Specifically, 20% of homes pulled off the market in July were subsequently relisted, as were 18% of those pulled in June. Delisting can be a strategic move for sellers to reset the days on market or relist at a new price without displaying a “price drop.” Of the homes delisted in July and then relisted, 31.6% have since sold.
Sellers who purchased their homes more recently are disproportionately likely to delist. Nearly half (47%) of September’s delistings came from sellers who bought their homes within the last five years (2020-2025), compared to only 37% of total listings from this group. Khan attributes this to recent buyers, particularly those during the pandemic demand surge, still expecting high prices and being hesitant to negotiate. These sellers may be testing the market and are less motivated to sell compared to longtime owners who are often downsizing or relocating. Additionally, many who bought between 2020 and 2022 hold ultra-low mortgage rates and are only willing to sell if they can achieve their desired price.
Metro-level data for September 2025 reveals significant variations. Among the 50 most populous U.
S. metros, delistings rose most sharply in Virginia Beach, VA (74.5%), Washington, D.
C. (53.9%), San Jose, CA (53.3%), Dallas (52.1%), and Houston (49.6%). Delistings declined in only three metros: St. Louis, MO (-12.4%), Nassau County, NY (-7.2%), and Chicago (-1%). Miami recorded the highest share of delistings, with 7.8% of all listings withdrawn, followed by Fort Lauderdale, FL (7.7%), Dallas (7.5%), Philadelphia (7.5%), and West Palm Beach, FL (7.5%). Conversely, Pittsburgh (3.4%), Milwaukee (3.5%), Columbus, OH (3.6%), Cincinnati (3.7%), and Chicago (4.1%) had the smallest shares.
Stale listings were most prevalent in Florida and Texas metros: Miami (84.6%), Fort Lauderdale (84.6%), Austin (82.8%), West Palm Beach (82%), and San Antonio (81.2%). The least common were in San Jose, CA (44.2%), San Francisco (45.9%), Boston (48.9%), Providence, RI (49.1%), and Milwaukee (49.2%).
Redfin’s analysis defines a home as “delisted” if it went off the market for more than 31 days without selling or going under contract. A listing is considered “stale” if 60 days have passed since its original listing date. A home is deemed “at risk of selling at a loss” if it was originally listed for no more than 10% above the seller’s original purchase price. Redfin operates as part of Rocket Companies (NYSE: RKT).
