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Miami tops US in home delistings as sellers hold out for higher prices

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Published  August 25, 2025 10:07am MST
Real Estate
FOX Local
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The Brief

    • Miami leads the nation in delistings, with 59 homes pulled for every 100 new listings in July, up from 27 in May.
    • Agent Joe Azar says it’s a seasonal slowdown, with many sellers planning to relist in the fall.
    • Strong demand from out-of-state buyers and Florida’s tax advantages keep the market outlook bullish.

Realtor.com’s July housing report shows Miami homes are leaving the market faster than anywhere else in the U.S., as sellers pull listings rather than lower prices.

Miami now leads the nation with the highest delisting-to-listing ratio — 59 homes pulled for every 100 new ones, up sharply from 27 per 100 in May, according to FOX Business. 

What they're saying:

"It isn't necessarily a bad thing," Douglas Elliman agent and managing director Joe Azar told Fox News Digital. "It's a natural cycle of the market because inventory may tighten. So if those homeowners remove their properties off the market, it actually may create a little bit more urgency."

RELATED: Home-sale cancellations are rising: What it could mean for the market

"Many of the clients I speak to were going to come back onto the market typically October, November, which is quote-unquote our busy season here in South Florida," Azar said.

While it may look like Miami’s market is cooling, Azar says the trend reflects a typical summer slowdown, influenced by expectations of rate cuts and dynamics in both new construction and older inventory.

A home for sale in the Miami Shores neighborhood of Miami, Florida, US, on Wednesday, Aug. 20, 2025. Sales of previously owned US homes rose modestly in July as price growth slowed and mortgage rates drifted lower, helping to stabilize demand. Photog

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Big picture view:

What this means for the broader housing landscape is a healthy balance, according to the agent, as delistings cause shrinking supply and a sense of urgency among buyers.

"If there's buyers out there looking, essentially, that could help boost the interest in those specific homes that are still currently on the market," Azar said. "I think it's a natural [progression] of the market. It's not anything specific."

There’s also still an influx of buyers from New York, California, Chicago and abroad as the Sunshine State’s lifestyle, tax benefits and continued corporate relocations drive demand.

"The growth of Florida and specifically South Florida is why I am bullish, so to speak, on the market here locally in the next six months."

The Source: The information in this story is drawn primarily from Realtor.com’s July housing report, which tracks national housing trends, and from FOX Business. This story was reported from Los Angeles. 

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