Overview
- Nearly 45,000 previously delisted homes were relisted in January, a record 3.6% of active listings, according to Redfin.
- About 36.1% of those relisted properties returned at lower prices than before, pointing to greater seller flexibility and buyer negotiating room.
- Relistings were heaviest in expensive West Coast metros—San Jose (12.5%), San Francisco (11.4%) and Oakland (10.2%)—and lightest in Pittsburgh (1.7%) and Milwaukee (2.2%).
- Inventory growth is losing momentum despite year-over-year gains, with February active listings up 7.9% but still roughly 16.8% below 2017–2019 levels, Realtor.com reported.
- Mortgage rates hovered near 5.98%, supporting a 4.2% annual rise in pending sales as economists watch whether improving conditions entice more buyers or prompt more owners to list.