IE Business Daily Business news for the Inland Empire.
Today’s residential market definitely favors homebuyers.
More sellers nationwide are removing the For Sale sign from their front yard because they’ve been unable to get the sale price they’re looking for, according to Seattle-based Redfin.
In April, 5.8 percent of all listed homes nationwide were taken off the market, tied with December for the highest share since March 2020, when the start of Covid-19 struck the U.S., housing market.
Delistings during the fourth month of 2026 were up 3.8 percent month-over-month, seasonally adjusted, the second straight month that number has gone up.
“Sellers are still getting used to the post-pandemic normal,” said Patricia Amman, a Redfin agent, in the statement. “Prices aren’t soaring like they were five years ago—high gas prices and the rising cost of living overall are trickling down to the housing market, making buyers much less likely to bid prices up. “Buyers know they have negotiating power, often offering under the asking price and completing inspections, but some sellers just won’t budge.”
Homes are also taking longer to sell, inventory is rising faster than demand, and uncertainty about the economy is making buyers and sellers nervous, according to Redfin.
