If your home isn’t getting offers, you’re not alone. Across the country, more sellers are pulling their listings rather than dropping their prices.
In May, for example, delistings jumped 47 percent compared to the same time last year, and the trend isn’t slowing down.
So why are homes sitting unsold? And what does this mean for you if you’re buying or selling?
Let’s walk through what’s happening and what to do next.
Why More Homes Are Being Delisted
Several key trends are pushing sellers to withdraw listings and wait for better conditions.
Sellers Still Want Pandemic-Era Prices
Many homeowners list based on the high prices they saw neighbors get in 2021 or 2022. But today’s market isn’t the same. When offers fall short, sellers often choose to pull the home rather than negotiate.
Inventory Has Climbed Sharply
There are more homes on the market than buyers expected. In June, inventory was up 29 percent year over year. That means more competition for sellers and more choices for buyers.
Homes Are Sitting on the Market Longer
The average home now takes 53 days to sell, which is five days longer than a year ago. The longer your home sits, the less attention it gets. Many sellers prefer to withdraw and try again later.
Price Cuts Don’t Guarantee a Sale
Nearly 21 percent of listings had price reductions in June, but that didn’t always lead to offers. Some homes still didn’t move, and sellers chose to delist instead.
Cash Home Buyers Can Help
Selling your home to cash buyers offers speed and convenience that you won’t find in traditional sales. If you home is not selling via a traditional listing, considering a cash offer could be your best bet. Ultimately, if you need to sell quickly or without added stress, cash buyers present a viable and attractive option. Deciding on the right path depends on your personal priorities, financial situation, and timeline.
Common Misconceptions About Property Cash Buyers
Many people think that selling your property to cash buyers means you’ll get a much lower price than the market value. That’s not always true. Cash buyers often present offers that are fair, considering they’re taking the property off your hands quickly and without the hassle of loans or delays. Another misconception is that all cash buyers are looking to flip the property for a quick profit. While some do, others are interested in long-term investments or even making the property their home. People also wrongly believe that deals with cash buyers are more likely to fall through. In reality, these transactions can be smoother and faster, as cash buyers don’t face the same financing hurdles that other buyers might. Lastly, it’s thought that only desperate sellers go to cash buyers. This isn’t the case. Many sellers choose cash buyers for convenience, speed, and to avoid complications.
Work with MarketPro:
We’ll give you a fast cash offer for your current home just as it is now; no repairs, no upgrades, no inspection, no commissions or fees. You can even choose your exact closing date. Our team will walk you through your quote, including a review of what your home would likely bring on the open market.
If you’re in Washington, D.C., Maryland, Virginia, Pennsylvania, Florida or Georgia, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a same-day, no-pressure quote.
