M
ore U.S. homeowners are pulling their listings instead of lowering prices, a trend that signals pressure in the housing market. In September, Redfin data show 1,964 homes were removed from the New York metro market, a 6 % rise over September 2024. Nationwide, the figure hit 85,000, a 28 % jump from last year and the highest September delisting rate in ten years.

    Virginia Beach leads the surge, with delistings up 74.5 % YoY—the steepest increase among major metros. The city’s 70 % of homes that stayed on the market for at least 60 days underscores the slowdown. In the New York area, the YoY rise was 6 %, matching the 1,964 homes pulled in September 2025 versus 1,852 the previous year.

    Redfin’s senior economist Asad Khan notes that many sellers are reluctant to accept low offers after long market exposure. “Homes often carry sticker prices above what buyers are willing to pay, yet sellers refuse to negotiate,” he says. When tens of thousands of owners remove their properties, the available supply shrinks, keeping sale prices elevated.

    The trend extends beyond the fall. Nationwide delistings spiked 57 % in July, with Miami topping the list at 57 delistings per 100 new listings. Despite the pullback, median prices in Virginia Beach rose 7.1 % to $405,000 in October, while the average days on market climbed to 31 from 27 a year earlier.

    Some homeowners are opting to rent instead of sell, a strategy gaining traction amid persistently high interest rates. Virginia Beach’s reputation as a family‑friendly, oceanfront community is now challenged by the volatility of its housing supply, amplified by its large military and transient populations.

    Overall, the pattern of delistings—whether in New York, Virginia Beach, or nationwide—highlights a market where sellers are unwilling to lower prices, leading to reduced inventory and sustained price levels.