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Nearly 45,000 homes that were delisted during 2025 were relisted for sale in January, according to a new data report from Redfin. This marked the highest January figure in records dating back to 2016, as well as a record 3.6% of homes that were on the market in January.

Delistings hit a record high of 112,788 in December 2025. More than one-third (36.1%) of the homes relisted in January were being offered at less than their original list price, the highest January share in records dating back to 2016.

California’s Bay Area recorded the highest share of relistings. In San Jose, 257 homes that were delisted last year were relisted in January, which represents 12.5% of homes that were on the market that month. Next came two other Bay Area metros: San Francisco (11.4%) and Oakland (10.2%). Seattle and Denver rounded out the top five at 8.3% and 7.4%, respectively.

On the other end of the spectrum is Pittsburgh, where 132 homes delisted last year were relisted in January, was equal to just 1.7% of homes on the market that month.

“Homebuyers are already scoring discounts because there are more homes for sale than people who want to buy them, and it’s possible those discounts will get bigger if relistings boost supply further,” said Redfin Senior Economist Asad Khan. “Some sellers will be more flexible on price when they relist since they’ve already been burned once. Buyers shouldn’t be shy about asking for concessions; even if the list price is high on paper, the seller may be open to negotiating.”