Sellers are getting more realistic on price

Fewer sellers are pulling their homes off the market, and more are adjusting prices instead, according to Realtor.com’s August housing report released Wednesday.

Delistings fell 12.6% from a year earlier. Active listings rose 3.6%, and the median list price fell 1.3% to $424,500.

Pending listings slipped 0.2% from a year earlier, ending eight straight months of annual gains.

Mortgage rates were near 6.7% at the time, before September’s climb toward 7%.