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Home New York

Buyers Resist Sky-High Prices, Forcing Homeowners to Pull Listings from Market

August 8, 2025
in New York
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Shah J. Choudhury | August 7, 2025

In a growing sign of turbulence in the housing market, increasing numbers of homeowners across the U.S. are pulling their properties off the market as potential buyers balk at the soaring prices.

Recent data from real estate analysts indicates that a significant portion of sellers, especially in urban and high-demand suburban areas, are choosing to delist their homes after weeks or even months of little to no buyer interest. This trend suggests that while sellers are holding out for peak prices, today’s buyers—faced with higher mortgage rates and inflationary pressure—are no longer willing or able to pay inflated amounts.

“In many markets, we’re seeing a standoff,” said Michelle Torres, a housing economist based in New Jersey. “Sellers still think it’s 2021, but buyers are living in 2025 realities.”

The Federal Reserve’s interest rate policies have pushed mortgage rates to their highest levels in over two decades, substantially reducing affordability. This has led to a surge in price-sensitive buyers walking away or delaying purchases altogether.

According to Redfin and Zillow data, the number of delisted homes has risen by more than 15% in major metro areas like New York, San Francisco, and Austin over the past quarter.

While some experts see this as a temporary correction, others warn that it could signal a deeper imbalance in the market—where neither side is willing to budge.

Until sellers adjust expectations to reflect current economic realities, and mortgage rates ease, the housing market may continue its slowdown, with inventory caught in limbo between unrealistic hopes and practical hesitations.

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