The tables have turned in the housing market, with buyers now possessing more influence, yet convincing homeowners to accept low offers remains a challenge.

According to a recent analysis by Redfin, nearly 85,000 sellers withdrew their properties from the market in September. This marks a 28% increase compared to the previous year and represents the highest number of delistings for that month in eight years.

This trend is largely due to sluggish demand, causing many homes to linger unsold for extended periods. Redfin reported that in September, 70% of properties had been listed for at least 60 days, with the average delisted home spending around 100 days on the market.