Name: Sellers delist homes at a new high
Uploaded: 2025-12-08T17:46:36.567Z
Duration: 2 min 22 s
Description: CNBC’s Diana Olick reports on the latest news surrounding the housing market.

CNBC’s Diana Olick reports on the latest news surrounding the housing market.

The U.S. housing market is experiencing a significant increase in home delistings, with October figures up 45.5% year to date and nearly 38% higher than the same month last year, according to Realtor.com. This marks the highest rate of delistings since records began in 2022, with about 6% of active listings being removed from the market each month since June.

The trend is attributed to economic uncertainty, persistently high mortgage rates, and elevated home prices. Major cities like Miami, Denver, and Houston are seeing the highest ratios of delistings, while demand is rising in more affordable "refuge markets" such as Grand Rapids and St. Louis. The reduction in available homes is expected to keep prices elevated, especially as some homebuilders reduce production and government data on new housing remains unavailable.

Sellers delist homes at a new high

Welcome back. We're heading into the slow season for the housing market But this year could be worse than expected as sellers seem to be giving up Diana Oh, it joins us to explain why Diana? Hey, Mike out when a seller takes their home off the market It's called a D listing and they're now happening at an unusually high rate D listings in October Which are reported with a one-month lag? We're up 45 and a half percent year to date and up nearly 38% from October of last year that according to a new report from Realtor calm now, this is the highest D listing year since they began tracking in 2022 D listings began to rise in June and have remained elevated for five straight months about 6% of active listings have been coming off the market each month, which is typically typically something you only see in the dead of winter All right. So why is it happening? Uncertainty in the economy stagnant and high mortgage rates and of course is still pricey market Locally Miami Denver and Houston are seeing the highest ratio of D listings compared with new listings those are also markets that saw some of the biggest price gains in recent years and In addition and because of that more potential buyers are now heading to what realtor.com calls refuge markets more affordable markets Grand Rapids st Louis Cleveland Milwaukee and Pittsburgh are all seeing much bigger price gains now than the rest of the country because demand there is Suddenly surging now later today. We do get earnings from luxury homebuilder told brothers We haven't had any government data on the homebuilders since before the shutdown But toll has been outperforming simply because its buyers are less reliant on mortgage rates now They did guy they did guide to lower home deliveries We'll see how much lower when we get those results this afternoon back to you guys Diana this wave of D listings. What does it do to the overall? Supply-demand picture because we do have some homebuilders that are kind of curtailing their their production Maybe from next year and there was this sort of silver lining that said well We are getting a little more secondary flow. Is that going to be compromised now? Yeah, we were seeing more inventory come on to the market now We're seeing that gain start to shrink more as people are taking their homes off the market and they get stale I wish we had government data to see where housing starts and permits were but we simply don't We'll maybe find something out from toll this afternoon about what their thoughts are But this is just going to shrink that supply more which what does that do? It keeps prices elevated

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