Sellers are pulling homes off the market at the fastest pace since 2020

Key points

• More frustrated home sellers were giving up, right in the midst of the all-important spring market, according to new data.
• Nationwide, 5.8% of all home listings were pulled off the market in April, according to Redfin, a real estate brokerage.
• That ties with December for the highest share of homes delisted since March 2020, when the pandemic hit and the housing market froze.
• Delistings in April were up 3.8% compared with March.
• The increase comes as higher mortgage rates, elevated gas prices and weaker consumer confidence take their toll on housing demand.