Record numbers of sellers yanked their properties after months of zero interest, with nearly eighty-five thousand homes getting delisted, which marks a twenty-eight percent jump from last year and the worst numbers in almost a decade. Most of these places sat empty for over two months, and almost half belonged to people who bought during the pandemic when everything was moving fast.
The gap between what owners want and what buyers will actually pay keeps getting worse. Homeowners who scored ultra-low mortgage rates during the frenzy still think their places are worth pandemic prices, but buyers aren't playing that game anymore. Markets like Miami, Fort Lauderdale, and Dallas are finally seeing some movement as properties sit longer and prices start dropping.
National price growth hit just over one percent compared to last year, making it the slowest bump since mid-2023. Redfin senior economist Asad Khan says sellers remember when they had all the power, which makes them super reluctant to budge on price negotiations.
The gap between what owners want and what buyers will actually pay keeps getting worse. Homeowners who scored ultra-low mortgage rates during the frenzy still think their places are worth pandemic prices, but buyers aren't playing that game anymore. Markets like Miami, Fort Lauderdale, and Dallas are finally seeing some movement as properties sit longer and prices start dropping.
National price growth hit just over one percent compared to last year, making it the slowest bump since mid-2023. Redfin senior economist Asad Khan says sellers remember when they had all the power, which makes them super reluctant to budge on price negotiations.
