More than half of US home listings are ‘stale’ — these 10 cities are most stagnant, Redfin says

(NewsNation) — A growing share of home listings are going “stale” as sellers outnumber buyers by the widest margin since at least 2013.

In February, 52 percent of listings were on the market for at least 60 days without going under contract — the highest share for the month since 2019, according to Redfin.

Homes are sitting on the market longer as buyer demand cools amid elevated mortgage rates, high prices and recent economic uncertainty. Redfin estimates there were about 630,000 more sellers than buyers in February — the biggest gap on record.

“Sellers know it’s a buyer’s market, but they still want to get as much money as they can for their home,” said Jason Gale, a Redfin Premier agent in New Orleans. “So they list on the high end, expecting buyers to negotiate down.”

That dynamic is playing out in the data. Nearly two-thirds of homebuyers (62 percent) paid below the original list price in 2025, and the typical home that went under contract in February spent 66 days on the market — the slowest pace for the month since 2016, according to Redfin.

The real estate brokerage considers a listing “stale” if it’s been on the market for at least 60 days and is still actively listed at the end of the month.

Gale said in the report that “there are still deals to be made,” but most homes are selling below their asking price, adding that sometimes “the price is just too high and sellers have to pull their homes off the market after six months or so.”

In some cases, homeowners are becoming “accidental landlords,” turning their unsold properties into rentals. Such properties make up a larger share of rental listings than at any point since 2022, according to Zillow.

While the share of stale listings has risen considerably from 39% in February 2022, Redfin data shows it’s still below pre-pandemic levels, suggesting the market is returning to more typical conditions.

Miami led major metros in the share of stale listings in February, with nearly two-thirds (62.6%) of listings sitting on the market for at least 60 days without going under contract, Redfin found.

San Antonio (58.3 percent), Pittsburgh (58.1 percent), West Palm Beach, Fla., (55.9 percent) and Orlando, Fla., (55.7 percent) also posted higher shares of stale listings than the national average.

The trend underscores a broader Sunbelt slowdown, where once red-hot pandemic markets are now among the strongest buyer’s markets.

In San Antonio, the typical home that went under contract in February did so in 109 days — 28 days longer than a year earlier, according to Redfin. In Miami, it took 105 days — well above the national median of 66 days.