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As inventory surpasses buyer demand, sellers who delist properties may find themselves in a perilous position when they attempt to re-enter the market. The current mentality among many sellers is that they can simply wait for better offers, underestimating the impact of declining market dynamics. However, this can become problematic if the surrounding economic conditions continue to deteriorate or if inflation trends compel the Federal Reserve to raise interest rates further.
The influx of listings being removed indicates that sellers are not fully adjusting to the reality of the current housing landscape. The majority of homes now being taken off the market are likely due to the absence of interested buyers at their desired price points.