Realtor.com: US home delistings run 12.6% below year-ago pace in August
NWSA•Prices and listings shift
Median list price fell to $424,500, down 1.3% from a year earlier, marking a 10-month streak of annual declines.
Active listings rose 3.6% to 1.14 million, the fastest annual increase this year, still 11.1% below pre-pandemic norms.
Sellers rely more on cuts
Price reductions hit 20.4% of active listings, matching last year’s pace as sellers relied more on cuts.
Delistings ran 12.6% below last year’s pace, suggesting sellers stayed in the market despite softer demand.
US housing cools in late summer
Realtor.com, a News Corp unit, flagged a late-summer cooling in US housing, with pending sales down year over year in August.
