DELISTING DATA

Seventy-three thousand homes were pulled from sale in December, representing almost 1 in 10 homes on the market, a 64% Y-o-Y surge, and the biggest December jump since 2015. There is clearly significantly more desire to sell than buy. This tells us that much of the inventory that hit the market in 2024 just sat there. This is clearly disinflationary and should be a warning to builders to keep inventory tight.