The US housing market is showing some cracks: ~73,000 homes were delisted in December after they failed to attract a buyer, the highest in 9 years. This was a 64% increase from the ~44,500 homes pulled off the market in December 2023. In other words, nearly 1 in 10 properties sitting on the market were delisted in December 2024. However, the biggest problem for affordability continues to be historically low levels of supply. The housing market is stagnant.