Miami Homeowners Delist Properties at Record Rates Amid Market Stagnation
Miami is experiencing a significant increase in home delistings, with nearly half of newly listed homes being removed from the market without being sold. According to a Realtor.com study, delistings in Miami have surged, with 45 properties delisted for every 100 new listings in October. This trend is part of a broader national pattern, with delistings up nearly 38% compared to the previous year. The increase in delistings is attributed to high interest rates, elevated home prices, and economic uncertainty, which have led to low buyer demand. Miami leads the nation in delistings, followed by cities like Denver and Houston. 
