--- title: Home Sellers Are Taking Listings off the Market in Record Numbers as Buyer Demand Fizzles description: As the housing market cools, sellers are taking homes off the market in record numbers rather than lowering prices of homes for sale. authors: - name: Sarah Hansen role: Senior Writer url: https://money.com/author/sarah-hansen/ bio: Sarah Hansen is a senior writer at Money covering all things personal finance. Previously, she covered economic policy and capital markets on the breaking news desk at Forbes. education: Northwestern University, New York University at_money_since: 2021 articles: 347 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://www.linkedin.com/in/sarah-m-hansen/ former_staff: true editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2022-12-05T12:00:36.000Z' modified: '2023-03-20T14:41:00.000Z' section: Housing tags: - News word_count: 361 canonical: https://money.com/sellers-taking-home-listings-off-market/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Real estate agent walking in front of house with holding for sale sign, side view](https://img.money.com/2022/12/News-Homeowners-Removing-Sales-Listings.jpg) Presented by ![](https://s3.consumersadvocate.org/prd/image/image/38138/a1d25ab8-422a-48d0-9bc7-c9801c2d423d.webp) Becoming a homeowner is closer than you think with AmeriSave Mortgage. Don't wait any longer, start your journey today! [Go to AmeriSave.com](https://money.com/pr/vfba9b7bee33?ap_referrer=%2Fsellers-taking-home-listings-off-market%2F) As the [housing market continues to cool](https://money.com/home-prices-mortgage-rates-forecast-2023/) and the pool of potential buyers shrinks, more sellers are yanking their homes off the market. During the three months ending on November 20, an average of 2% of the homes for sale in the United States were delisted each week — a record high. That’s according to a new [analysis](https://www.redfin.com/news/home-delistings-november-2022/) from the real estate brokerage Redfin, which crunched data from 43 of the 50 largest cities in the US. During the same period a year ago, about 1.6% of homes were delisted on average each week, according to Redfin’s data. A delisted home is one that is removed from the market before it is sold. ## Lock in the best Mortgage Rate for you today ### Act today, and don’t stress about the future. Lendingtree Mortgage can help you lock in a low Mortgage Rate for 90 days. Click on your state now to get started. [View Rates](https://money.com/pr/n6a8a4859d63?ap_referrer=%2Fsellers-taking-home-listings-off-market%2F) Not all products are eligible. All loans are subject to credit approval. [Additional](https://www.amerisave.com/lock-shop/) terms & conditions apply. Redfin’s experts attribute the spike in delistings to a sharp drop in demand. With [mortgage rates](https://money.com/current-mortgage-rates/) more than double what they were at the start of the year and [housing prices still high](https://money.com/cities-where-home-prices-are-rising/), potential buyers are increasingly unable to afford a home purchase. “Some sellers are having a hard time grasping that we’re not in a housing-market frenzy anymore — it’s tough for them to swallow that they missed the boat on getting a high price,” Jacksonville, Florida, Redfin agent Heather Kruayai said in a news release. ## Where home prices are going next Normally, sellers having trouble finding bids will lower the asking price — and sure enough, we've seen a rise in [house price cuts](https://money.com/homes-for-sale-price-cuts/) in recent months. But with many buyers and sellers now sitting on the sidelines to wait for more favorable conditions, prices could stay elevated for a while. Realtor.com chief economist Danielle Hale predicts that home prices will rise by [5.4% next year](https://money.com/home-prices-mortgage-rates-forecast-2023/). That would be much slower growth than we’ve seen over the past two years, but it’s growth nonetheless. “Prices might not continue to plunge down as much as some projections anticipate … as the available inventory of homes on the market is constrained,” Zillow Senior Economist Nicole Bachaud said in email commentary shared with Money earlier this week. ## Want to buy a home this year? Lendingtree Mortgage can help ### Lock in a Mortgage Rate before you start shopping. Lendingtree Mortgage can make it possible. Click on your state today to find the rate that’s right for you. [View Rates](https://money.com/pr/e71aa882c4b0?ap_referrer=%2Fsellers-taking-home-listings-off-market%2F) Not all products are eligible. All loans are subject to credit approval. 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