By The Epoch Times | Created at 2026-09-03 22:31:38 | Updated at 2026-09-03 23:22:28
1 hour ago
Property delistings nationwide recorded a year-over-year decline toward the end of this summer, as sellers showed more patience than they did a year ago and a larger share were willing to cut prices, according to Realtor.com.
The August 2026 Monthly Housing Trends Report, released on Sept. 2, indicated that delistings declined 12.6 percent in August from a year earlier, following decreases of 8.3 percent in June and 4.7 percent in July compared with the respective months in 2025.
By contrast, the December 2025 Realtor.com report showed that delistings in June and July 2025 jumped by 48 percent and 57 percent, respectively, from the same months in 2024.
The report attributed the sharp rise in delistings last summer to elevated home prices, higher mortgage interest rates, and economic uncertainty. The average interest rate for a 30-year fixed-rate mortgage was around 6.6 percent to 6.8 percent during summer 2025, according to Freddie Mac.
“With buyers and sellers far apart, the sellers’ solution is to pull that trump card and delist, rather than cut prices,” Realtor.com senior economist Jake Krimmel said at the time.
While the group’s September 2026 data showed a year-over-year drop in delistings this summer, it also noted there were 10 consecutive months of annual list-price drops. In August, 20.4 percent of active listings had price reductions, a 0.4 percentage-point increase from July and unchanged from August 2025.
Listings in pending status declined 0.2 percent from a year earlier, following eight months of gains, which peaked at 4.1 percent in May, according to the report. Contract signings also decreased 3.7 percent compared with August 2025.
Nationally, the median list price stood at $424,500 in August, a 1.0 percent decline from July and a 1.3 percent decline from August 2025.
“August brings a mixed reading: buyer demand softened and price cuts rose modestly above last year’s pace, but sellers are still showing more patience than they did during last year’s late-summer delisting wave,” Krimmel said in a Sept. 3 statement.
“Price cuts, pending sales and delistings together can tell you whether sellers are satisfied, panicking, or somewhere in between.”
Regionally, the West and South recorded the largest share of active listings with price reductions in August, at 22 percent and 21.4 percent, respectively. The Northeast had the lowest share, at 14.1 percent, while the share in the Midwest was 19.6 percent.
Meanwhile, 1.14 million active listings across the country were reported in August, including 401,760 new listings—a 5.2 percent dip from July. The report indicates that inventory grew across all four regions, with the Midwest leading by 10.5 percent.
“August’s data shows a housing market entering its seasonal cool-down with less momentum than it had earlier this year,” Realtor.com Chief Economist Danielle Hale added in the report.
“Higher mortgage rates are meeting a point in the calendar when activity typically slows, and buyers appear to be responding more selectively.”
As of Sept. 3, Freddie Mac reported an average 6.71 percent interest rate for a 30-year fixed mortgage, and 5.98 percent for a 15-year fixed loan.
Looking ahead to the fall, Realtor.com said the gap in delistings compared with last year could either persist or reverse, depending on market conditions and whether sellers will continue to rely on price reductions.
“Sellers may start to get more desperate in September and subsequent months when mortgage rates are likely to remain higher than they were at this time in 2025,” the report noted.
