Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty ImagesMore frustrated home sellers were giving up, right in the midst of the all-important spring market, according to new data.Nationwide, 5.8% of all home listings were pulled off the market in April, according to Redfin, a real estate brokerage. That ties with December for the highest share of homes delisted since March 2020, when the pandemic hit and the housing market froze. Delistings in April were up 3.8% compared with March. The increase comes as higher mortgage rates, elevated gas prices and weaker consumer confidence take their toll on housing demand. Sellers are no longer in the driver’s seat and aren’t getting the prices they want. Atlanta saw the highest share of homes come off the market in April, with one in 10 delisted. San Jose, California, followed with roughly 9% pulled, then Los Angeles (7.8%), Dallas (7.8%) and Seattle (7.7%). Mortgage rates had been falling at the start of this year, with the 30-year fixed briefly touching the 5% range at the end of February, according to Mortgage News Daily. They then jumped sharply when the war with Iran started and have remained elevated since then. “Buyers know they have negotiating power, often offering under the asking price and completing inspections, but some sellers just won’t budge,” said Patricia Ammann, a Redfin agent, in a release. Home prices have been easing, but are still higher than they were a year ago and have even begun to strengthen more recently. “Markets that depend more heavily on traditional mortgage financing and rate-sensitive buyers are seeing prices stay relatively flat,” said Selma Hepp, chief economist for Cotality, in a release. “Overall, fewer markets posted year-over-year price declines in April than in prior months, pointing to continued stabilization across the housing market.” Get Property Play directly to your inboxCNBC’s Property Play with Diana Olick covers new and evolving opportunities for the real esta …
