Story by Diana Olick;
- Nationwide, 5.8% of all home listings were pulled off the market in April, according to Redfin.
- Delistings were up 3.8% compared with March.
- Atlanta saw the most homes taken off the market as higher mortgage rates and elevated gas prices weigh on housing.
Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026.
More frustrated home sellers were giving up, right in the midst of the all-important spring market, according to new data.
Rising rates will kill deals quicker than anything, who was qualified yesterday won't be tomorrow......just an observation
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 1 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.
