Real Estate Market Update: Sellers Retreat as Conditions Cool
Summary
In September, a significant number of U.S. home sellers withdrew their listings due to weak demand, falling prices, and economic uncertainty, leading to tighter effective supply and sustained high sale prices despite increased inventory.
Key Points
- Record Delistings: Approximately 85,000 homes were delisted in September, a 28% annual increase and the highest September level in eight years.
- Stagnant Listings: 70% of homes listed in September were on the market for 60 days or longer.
- Price Pressure: Home price growth slowed to 1.3% year-over-year in September. Sellers are opting to delist rather than accept low offers.
- Effective Supply Squeeze: Mass delistings keep the actual available inventory tighter than total numbers suggest, supporting elevated sale prices.
- Deep Price Cuts: Sellers who remain are cutting prices repeatedly, with cumulative discounts reaching a typical $25,000 in October—a record high per Zillow.
- Loss Risk Rises: About 15% of homes delisted in September were at risk of selling at a loss, the highest proportion in five years.
- Market Outlook: Inventory is currently 15% higher than a year ago but is expected to shrink seasonally. Pending sales saw a minor monthly uptick in October but flatlined annually.
房地产市场动态：行情转冷，卖家撤退
简报摘要
由于需求疲软、价格下跌和经济不确定性，9月份美国大量房屋卖家撤回了挂牌房源。尽管库存增加，但有效供应因此收紧，销售价格得以维持高位。
关键要点
- 撤牌量创纪录： 9月约有8.5万套房屋撤牌，同比激增28%，为八年来同期最高水平。
- 房源滞销： 9月份挂牌的房屋中，70%在市场上停留了60天或更长时间。
- 价格承压： 9月房价同比涨幅放缓至1.3%。卖家宁愿撤牌也不愿接受低价报价。
- 有效供应收紧： 大规模撤牌使得实际可用库存比纸面数据更紧张，从而支撑了高销售价格。
- 大幅降价： 坚持出售的卖家多次降价，10月累计降价幅度典型值达2.5万美元，创下Zillow有记录以来最高折扣。
- 亏损风险上升： 9月份撤牌的房屋中，约15%面临亏本出售的风险，为五年来的最高比例。
- 市场展望： 当前待售房屋库存比一年前高出约15%，但预计未来几周将因季节性和买卖双方信心减弱而收缩。10月基于签约的待完成销售额环比微升1.9%，但同比基本持平。
Original Article Link: https://www.cnbc.com/2025/11/25/home-sellers-delisting-redfin.html