Homeowners Delist Properties Rather Than Lower Asking Prices Amid Stagnant Market

As the real estate market continues to experience a slowdown, more homeowners are choosing to delist their properties rather than lower their asking prices. This trend is particularly pronounced in areas where home prices have increased significantly over the past few years, only to stall or even decline in recent months. Realtor.com's July 2025 Monthly Housing Market Trends Report reveals that delistings for the previous month were up 38 percent since the start of the year and 48 percent from June 2024. This indicates that homeowners are becoming increasingly frustrated with the stagnant market and are opting to remove their properties from sale rather than compromise on their asking prices.

Key Takeaways:

• The number of delistings in June increased by 38 percent since the start of the year and 48 percent from June 2024, according to Realtor.com's July 2025 Monthly Housing Market Trends Report.
• For every 100 newly listed homes in June, 21 homes were delisted, indicating a significant shift in homeowner behavior.
• Sellers are delisting their homes because they cannot find buyers willing to purchase at a price they find acceptable.
• The Wall Street Journal reported that a growing number of homeowners who purchased homes during the pandemic are now facing underwater mortgages, where the principal amount exceeds the market value of the property.
• Homeowners with underwater mortgages are left with the option of paying the remaining balance of their mortgage upon sale, making it difficult to sell their homes.
• Some homeowners may choose to delay selling their homes due to favorable mortgage rates and the risk of selling at a loss.
• The average list price has increased by more than 37.6 percent since June 2019, but some cities are experiencing a decline in house prices.

Statistics:

• Delistings for the previous month were up 38 percent since the start of the year. (Source: Realtor.com)
• Delistings were up 48 percent from June 2024. (Source: Realtor.com)
• For every 100 newly listed homes in June, 21 homes were delisted. (Source: Realtor.com)
• The number of underwater mortgages is increasing among pandemic-era homebuyers. (Source: Wall Street Journal)
• The average list price has increased by more than 37.6 percent since June 2019. (Source: Various)

Sources:

• Realtor.com. "Monthly Housing Market Trends Report." July 2025.
• The Wall Street Journal. "Homeowners Face Underwater Mortgages as Market Slows." June 2024.