(NewsNation) — Home sellers have been increasingly yanking their homes off the market instead of agreeing to lower prices as would-be buyers push back on higher home costs.

After five years of a hot housing market, demand has cooled down because buyers can't bear higher prices amid persistent high interest rates, and they're fed up with the asking prices.

Sellers delisting their homes

Sellers, as a result, don't want to take these lower profits, so they are choosing to pull their houses off the market. In May, the rate of delisted homes increased by 47 percent nationwide compared to last year, according to Realtor.com.

The delisting surge "is partly due to the overall expansion in active inventory."

"Many sellers, anchored by peak price expectations and upheld by strong equity positio

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