What does it mean when he says neither of us is ready to date?

This would be synonymous to "It's not about you, it's me". He doesn't want a relationship with you.

But you don't really describe or state how this statement came about so can't really say more.

There are a couple things that I think it could mean. first is that maybe he doesn't want a relationship with you. second, maybe he does, but he doesn't really know if he's ready. third, he might actually have a grip on things and know that neither one of you is read for a relationship. two options. either it's a cover for something, or he's being genuine. men have two modes of communication (generally): 1) meaning what we say, 2) repressing what we think.

Definitely means he still wants to play the field!

Don't know enough about you to be able to answer, but if you are very flirty etc he might get the feeling you are not very sincere about committing to him alone. Just very hard to tell

well He's not ready for a relationship/. usually when a guy says that, he likes someone else. but I would recommend looking for someone who knows they're ready and know what they want. =]