A growing number of US homeowners are pulling their listings rather than accepting prices below their expectations, adding to signs of strain in the residential real estate market.
In September, 1,964 homes were delisted in the New York metro area, according to new Redfin data obtained by The Post, up 6% from the same month in 2024.
Nationwide, the picture is more stark.
Nearly 85,000 listings were withdrawn nationwide in September, marking a 28% year-over-year increase and the highest September delisting rate in a decade, according to Redfin.
The sharpest shift occurred in Virginia Beach, Virginia, where delistings soared 74.5% from a year earlier — the steepest annual increase of any major metro tracked.
In the New York metro area, delistings rose 6% year-over-year, with 1,964 homes pulled from the market in September 2025 compared to 1,852 the previous year. deberarr – stock.adobe.com
“More sellers are giving up because their homes have been sitting on the market for a long time, and they don’t want to or can’t afford to settle on accepting a low price,” Asad Khan, a senior economist at Redfin, said in the report.
In September, 70% of homes listed in Virginia Beach had remained unsold for at least 60 days.
Some homeowners are choosing to rent out their properties instead of selling them — an option increasingly appealing in a market where languishing high interest rates remain.
This trend mirrors a broader national pullback, where nearly 85,000 sellers yanked listings in September 2025, the highest monthly delisting rate in a decade and a 28% jump from a year earlier. Andy Dean – stock.adobe.com“Many homes have a sticker price higher than buyers are willing to pay, but many sellers are unwilling to negotiate,” Khan added.
“When tens of thousands of homeowners pull their homes off the market rather than accept a low offer, it effectively reduces the supply of homes that are actually available for buyers. That keeps sale prices elevated.”
Virginia Beach, which has long marketed itself as a safe, family-friendly oceanfront city, is now facing turbulence in its housing market. The area, home to several military installations including Naval Air Station Oceana, is known for its large transient and military population — factors that can exacerbate swings in supply and demand.
But nowhere saw a more dramatic spike than Virginia Beach, where delistings surged 74.5% year-over-year. Kyle – stock.adobe.com
The delisting trend also spiked earlier in the year — nationwide, July delistings jumped 57%, with Miami leading the way at 57 delistings per 100 new listings. Solarisys – stock.adobe.comStill, prices haven’t declined.
Median home values in Virginia Beach climbed 7.1% in October from a year earlier to $405,000. But properties are taking longer to move: the average days on market rose to 31, up from 27 a year ago.
The broader trend isn’t isolated to the fall.
Delistings nationwide spiked 57% in July compared to the prior year, according to Realtor.com. Miami saw some of the most severe fallout, with 57 homes delisted for every 100 new listings that month.
