Home sellers by state taking their unsold home off the market rather than reduce price

[GON]

Interesting chart we have not seen before in BITOG.

By state, sellers taking their homes off the market rather than reduce price. This chart speaks volumes on the non desperations of home sellers.

"Home sellers that are unwilling to drop their price when they don't get the offer they want, are withdrawing their listing in record numbers. Yet another reason we won’t see a “crash.” They have historically low rates and historically high equity with little to no motivation to lower the price today."

 

[Trav]

I get it, I wouldn't lower the price of my house either.

 

[skyactiv]

I wonder why my state of Ohio isn't listed?

 

[Chris142]

I wonder why my state of Ohio isn't listed?

Double wides can be moved to a new lot lol

 

[levi]

Double wides can be moved to a new lot lol

As a kid from grade 5 thru high school, I grew up in a run down trailer park. That's still funny.

 

[SC Maintenance]

As a kid from grade 5 thru high school, I grew up in a run down trailer park. That's still funny.

We were too poor for a double wide. 12 feet only. Double was for the rich folks.

 

[SC Maintenance]

Google said in 2018 - 29% of listings were removed before sale. I have no idea if that is accurate, but without knowing the baseline there is no relevance?

 

[levi]

We were too poor for a double wide. That was for the rich folks.

1966 Academy, 10' x 50'. Twelve wides were just starting to come out.

 

[SC Maintenance]

1966 Academy, 10' x 50'. Twelve wides were just starting to come out.

My sister tells stories about the first "trailer" which was 10 feet wide. My sisters were much older than I was.

Honestly growing up poor was a blessing IMHO. Not only do you appreciate things more, but no one can really push you down. You have already been to the bottom and it really wasn't that bad.

 

[Blagoje]

I'm getting ready to sell my house within the next year and I would just as soon lower the price just to get rid of it and the two acres of property it sits on. I hope this trend of people taking their house off the market continues so it gives my property a better chance to get sold.

 

[Dave Hess]

I wonder why my state of Ohio isn't listed?

I’ve seen videos Ohio is the next boomtown for real estate investors from outside the state.

John Williams on YouTube covers this. Lots of fixer up type homes turned into rentals.

 

[levi]

Honestly growing up poor was a blessing IMHO. Not only do you appreciate things more, but no one can really push you down. You have already been to the bottom and it really wasn't that bad.

Preach it, bro!

 

[JeffKeryk]

Honestly growing up poor was a blessing IMHO. Not only do you appreciate things more, but no one can really push you down. You have already been to the bottom and it really wasn't that bad.

Try drinking yourself into homelessness and worse. I had every opportunity laid at my feet.
Having a roof over my head in one of the greatest things ever. I don't take it for granted.

 

[Ranger83]

Double wides can be moved to a new lot lol

Shots fired!

 

[AZjeff]

I wonder why my state of Ohio isn't listed?

Look at the bottom of the chart, Compass doesn't operate in Ohio and some other states?

Shots fired!

Did you see in the news the Ohio governor's mansion burned to the axles??

 

[skyactiv]

Double wides can be moved to a new lot lol

U.S. Census data says California and Ohio are tied at 3.5%. Many of the "free states" have their fair share.

 

[skyactiv]

Look at the bottom of the chart, Compass doesn't operate in Ohio and some other states?


Did you see in the news the Ohio governor's mansion burned to the axles??

9.5% in your state.

 

[AZjeff]

9.5% in your state.

Yes but the Gov's mansion here is made out of mud.

I'm a PA native so Ohio and WV are the butt of our not PC jokes, sorry not sorry.

 

[Smoky14]

And NM leads in yet another category not to be proud of. English comp being another.
Smoky

 

[Zee09]

In Florida this week i am seeing many contracts that buyers are getting out of . They may be mortgage buyers waiting on a better interest rate ? Don’t know.

The last one I saw is becoming the builders model home.