Sellers are taking their homes off the market at the fastest pace in nearly a decade

Market Trends - Pending home sales increased by 1.9% in October compared to September, exceeding expectations [1] - However, sales were down by 4% compared to October of the previous year [1] - Increased availability of listings compared to the previous year, but supply growth has stagnated recently and is currently weakening [2] - Mortgage rates initially fell, potentially boosting demand, but subsequently rose again in November [2] Regional Analysis - Sales increased on a monthly basis in all regions except the West, which experienced a slight decrease [3] - The West is identified as the most expensive region in the country [3] Seller Behavior - Redfin reported that nearly 85,000 US sellers delisted their homes in September, a 28% increase year-over-year and the highest level for that month in eight years [4] - Consumer sentiment is believed to be a contributing factor to the increase in delistings [4] Seasonal Impact - The housing market is entering its typically slow season [3]