Written by Devone Richard
🏡 The Housing Market Just Sent a Loud Message
4
For the last year, buyers have been waiting for sellers to finally give in.
The assumption was simple:
Higher rates + more inventory = lower prices.
But something unexpected is happening.
Instead of slashing prices…
Many homeowners are simply saying:
“Screw it. I’m not selling.”
Across the country, more sellers are pulling their homes off the market rather than accepting offers below what they believe their homes are worth. Delistings have surged as listings sit longer and buyers push back on unrealistic pricing.
💸 Sellers Are Refusing To Take The Loss
Many homeowners bought between 2020 and 2023.
They locked in:
✔ 2% mortgage rates
✔ 3% mortgage rates
✔ historically low payments
Now they’re being asked to:
- give up their low rate
- pay a higher rate on the next house
- accept a lower selling price
For many sellers, that math simply doesn’t work.
Instead of accepting reality, they’re removing the property from the market and waiting for conditions to improve. Roughly 15% of delisted homes were at risk of selling at a loss, according to Redfin data.
📉 Delusional Pricing Is Running Into Buyer Reality
5
This is where things get interesting.
Buyers have become far more disciplined.
They’re looking at:
✔ comparable sales
✔ interest rates
✔ monthly payments
✔ affordability
And many are saying:
“I’m not paying 2022 prices in a 2026 market.”
The result?
Homes sit.
Showings slow.
Offers disappear.
And sellers face a choice:
- Cut the price.
- Pull the listing.
Many are choosing option #2.
🚨 Delisting Is Artificially Supporting Prices
Here’s the part most people are missing.
When thousands of sellers pull listings from the market, those homes effectively disappear from available inventory.
That reduces the supply buyers can actually purchase.
Which helps keep prices elevated even when demand softens. Redfin economists have noted that rising delistings are helping keep inventory tighter than it appears on paper.
In other words:
The market isn’t clearing naturally because many sellers refuse to participate at today’s prices.
🌴 What This Means For Los Angeles And Las Vegas
Los Angeles and Las Vegas sellers face the same psychological battle.
Many homeowners still remember:
- bidding wars
- multiple offers
- waived contingencies
- buyers paying anything to win
That market created unrealistic expectations.
Today’s market is different.
Serious buyers still exist.
Good homes still sell.
Luxury homes still sell.
But buyers are demanding value again.
And sellers who fail to recognize that are watching their listings collect dust.
🧠 The Real Problem Isn’t The Market
This may be unpopular, but I’ll say it anyway:
The market isn’t the problem. Expectations are.
A lot of sellers are emotionally attached to prices that no longer exist.
The market moved.
Buyers adjusted.
But many sellers haven’t.
🚀 Final Thought
The housing market is exposing something we haven’t seen in years:
A standoff between buyers and sellers.
Buyers want discounts.
Sellers want yesterday’s prices.
And instead of negotiating…
Many sellers are simply walking away.
OH SHIT… maybe the housing market isn’t crashing at all.
Maybe sellers are just refusing to sell.
And until one side blinks…
Expect more delistings, more stale listings, and more frustration on both sides of the transaction.
—
Devone Richard, Real Estate Broker
🚨 OH SHIT… SELLERS ARE TAKING THEIR HOMES OFF THE MARKET INSTEAD OF CUTTING THE PRICE
Written by Devone Richard
🏡 The Housing Market Just Sent a Loud Message
4
For the last year, buyers have been waiting for sellers to finally give in.
The assumption was simple:
Higher rates + more inventory = lower prices.
But something unexpected is happening.
Instead of slashing prices…
Many homeowners are simply saying:
“Screw it. I’m not selling.”
Across the country, more sellers are pulling their homes off the market rather than accepting offers below what they believe their homes are worth. Delistings have surged as listings sit longer and buyers push back on unrealistic pricing.
💸 Sellers Are Refusing To Take The Loss
Many homeowners bought between 2020 and 2023.
They locked in:
✔ 2% mortgage rates
✔ 3% mortgage rates
✔ historically low payments
Now they’re being asked to:
- give up their low rate
- pay a higher rate on the next house
- accept a lower selling price
For many sellers, that math simply doesn’t work.
Instead of accepting reality, they’re removing the property from the market and waiting for conditions to improve. Roughly 15% of delisted homes were at risk of selling at a loss, according to Redfin data.
📉 Delusional Pricing Is Running Into Buyer Reality
5
This is where things get interesting.
Buyers have become far more disciplined.
They’re looking at:
✔ comparable sales
✔ interest rates
✔ monthly payments
✔ affordability
And many are saying:
“I’m not paying 2022 prices in a 2026 market.”
The result?
Homes sit.
Showings slow.
Offers disappear.
And sellers face a choice:
- Cut the price.
- Pull the listing.
Many are choosing option #2.
🚨 Delisting Is Artificially Supporting Prices
Here’s the part most people are missing.
When thousands of sellers pull listings from the market, those homes effectively disappear from available inventory.
That reduces the supply buyers can actually purchase.
Which helps keep prices elevated even when demand softens. Redfin economists have noted that rising delistings are helping keep inventory tighter than it appears on paper.
In other words:
The market isn’t clearing naturally because many sellers refuse to participate at today’s prices.
🌴 What This Means For Los Angeles And Las Vegas
Los Angeles and Las Vegas sellers face the same psychological battle.
Many homeowners still remember:
- bidding wars
- multiple offers
- waived contingencies
- buyers paying anything to win
That market created unrealistic expectations.
Today’s market is different.
Serious buyers still exist.
Good homes still sell.
Luxury homes still sell.
But buyers are demanding value again.
And sellers who fail to recognize that are watching their listings collect dust.
🧠 The Real Problem Isn’t The Market
This may be unpopular, but I’ll say it anyway:
The market isn’t the problem. Expectations are.
A lot of sellers are emotionally attached to prices that no longer exist.
The market moved.
Buyers adjusted.
But many sellers haven’t.
🚀 Final Thought
The housing market is exposing something we haven’t seen in years:
A standoff between buyers and sellers.
Buyers want discounts.
Sellers want yesterday’s prices.
And instead of negotiating…
Many sellers are simply walking away.
OH SHIT… maybe the housing market isn’t crashing at all.
Maybe sellers are just refusing to sell.
And until one side blinks…
Expect more delistings, more stale listings, and more frustration on both sides of the transaction.
—
Devone Richard, Real Estate Broker🚨 OH SHIT… SELLERS ARE TAKING THEIR HOMES OFF THE MARKET INSTEAD OF CUTTING THE PRICE
Written by Devone Richard
🏡 The Housing Market Just Sent a Loud Message
4
For the last year, buyers have been waiting for sellers to finally give in.
The assumption was simple:
Higher rates + more inventory = lower prices.
But something unexpected is happening.
Instead of slashing prices…
Many homeowners are simply saying:
“Screw it. I’m not selling.”
Across the country, more sellers are pulling their homes off the market rather than accepting offers below what they believe their homes are worth. Delistings have surged as listings sit longer and buyers push back on unrealistic pricing.
💸 Sellers Are Refusing To Take The Loss
Many homeowners bought between 2020 and 2023.
They locked in:
✔ 2% mortgage rates
✔ 3% mortgage rates
✔ historically low payments
Now they’re being asked to:
- give up their low rate
- pay a higher rate on the next house
- accept a lower selling price
For many sellers, that math simply doesn’t work.
Instead of accepting reality, they’re removing the property from the market and waiting for conditions to improve. Roughly 15% of delisted homes were at risk of selling at a loss, according to Redfin data.
📉 Delusional Pricing Is Running Into Buyer Reality
5
This is where things get interesting.
Buyers have become far more disciplined.
They’re looking at:
✔ comparable sales
✔ interest rates
✔ monthly payments
✔ affordability
And many are saying:
“I’m not paying 2022 prices in a 2026 market.”
The result?
Homes sit.
Showings slow.
Offers disappear.
And sellers face a choice:
- Cut the price.
- Pull the listing.
Many are choosing option #2.
🚨 Delisting Is Artificially Supporting Prices
Here’s the part most people are missing.
When thousands of sellers pull listings from the market, those homes effectively disappear from available inventory.
That reduces the supply buyers can actually purchase.
Which helps keep prices elevated even when demand softens. Redfin economists have noted that rising delistings are helping keep inventory tighter than it appears on paper.
In other words:
The market isn’t clearing naturally because many sellers refuse to participate at today’s prices.
🌴 What This Means For Los Angeles And Las Vegas
Los Angeles and Las Vegas sellers face the same psychological battle.
Many homeowners still remember:
- bidding wars
- multiple offers
- waived contingencies
- buyers paying anything to win
That market created unrealistic expectations.
Today’s market is different.
Serious buyers still exist.
Good homes still sell.
Luxury homes still sell.
But buyers are demanding value again.
And sellers who fail to recognize that are watching their listings collect dust.
🧠 The Real Problem Isn’t The Market
This may be unpopular, but I’ll say it anyway:
The market isn’t the problem. Expectations are.
A lot of sellers are emotionally attached to prices that no longer exist.
The market moved.
Buyers adjusted.
But many sellers haven’t.
🚀 Final Thought
The housing market is exposing something we haven’t seen in years:
A standoff between buyers and sellers.
Buyers want discounts.
Sellers want yesterday’s prices.
And instead of negotiating…
Many sellers are simply walking away.
OH SHIT… maybe the housing market isn’t crashing at all.
Maybe sellers are just refusing to sell.
And until one side blinks…
Expect more delistings, more stale listings, and more frustration on both sides of the transaction.
—
Devone Richard, Real Estate Broker