5.8% April Sellers Pulling Homes Off Market Hits 2020 High
Sellers pulling homes off market rose to 5.8% of U.S. listings in April, matching December for the highest share since March 2020. That pullback is concentrated in a few metros, with Atlanta leading at 10.7%.
April's 5.8% nationwide pullback
5.8% of listings were pulled in April, according to Redfin data, a pace that tied December and trailed only March 2020's 6.3%. The move points to owners choosing not to wait through the spring market when pricing and borrowing costs are working against them.
Higher mortgage rates, expensive gas, and shaky consumer confidence were cited as drivers of the shift. For buyers, that means fewer homes staying available long enough to test demand in every market, especially where sellers think the price they want is not going to show up.
Atlanta and San Jose lead
10.7% of Atlanta listings were taken off the market in April, the highest rate in the data set. San Jose followed at 9.3%, while Los Angeles and Dallas each posted 7.8% and Seattle came in at 7.7%.
Those top markets show the pullback is not uniform. In cities where delistings ran well above the national rate, owners appear more willing to wait than accept weaker offers, while the gap to the national 5.8% suggests some metros are absorbing stress faster than others.
Pittsburgh at 3.5%
3.5% of April listings were removed in Pittsburgh, the lowest share listed. Columbus and Chicago each posted 3.6%, Cincinnati came in at 3.7%, and New Brunswick, New Jersey, was at 4.4%.
That spread leaves a clear message for anyone tracking supply: the spring market is not moving in one line. A homeowner in Atlanta faced a very different decision set than one in Pittsburgh, and the national average masks how sharp that split has become.
5.8% is still below March 2020's 6.3%, but it is close enough to show sellers have regained the ability to step back quickly when conditions weaken. The next test is whether the high-rate, high-cost mix keeps pushing more listings into the same choice: cut price, wait, or pull the home entirely.
