According to Keeping Current Matters, many homeowners are pulling their homes off the market as today’s housing slowdown continues. Realtor.com reports that the number of homeowners removing their listings is up 38% since the start of the year and 48% compared to last June. In fact, for every 100 new listings in June, about 21 homes were taken off the market.
While this can be frustrating for sellers who hoped to achieve higher prices, history shows that housing slowdowns never last forever. The market has gone through cycles before—in the 1980s with soaring mortgage rates, in 2008 during the Great Financial Crisis, and in 2020 at the height of the pandemic. Each time, the market eventually rebounded as conditions improved.
Today’s housing market is facing similar challenges, largely due to higher mortgage rates and affordability concerns. But forecasts from experts—including Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR)—project a rebound. By 2026, home sales are expected to rise to around 4.6 million, driven by easing mortgage rates that will allow more buyers to re-enter the market.
if you’ve paused your moving plans, it may feel discouraging now, but history suggests this is only temporary. When the market shifts, sellers who are prepared will have the advantage of re-listing with confidence and reaching the next wave of buyers.
Today’s housing slowdown is part of a cycle we’ve seen before—and like past downturns, this one will pass. If you’re considering selling or want to be ready when the rebound arrives, contact Indigo Skye Group today for expert guidance and strategies tailored to your goals.
Compass
5960 Berkshire Ln, #700
Dallas, TX 75225
The Indigo Skye Group