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Ten day 4th of July forecast: Expired or canceled listing ev

 
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news



Joined: 14 Jul 2007
Posts: 0
Location: Greater Boston
PostPosted: Thu Jun 25, 2009 12:07 pm GMT    Post subject: Ten day 4th of July forecast: Expired or canceled listing ev Reply with quote
Use this forum thread to discuss the following link.

Description: Ten day 4th of July forecast: Expired or canceled listing every 4 minutes across MA
URL: http://realestatecafe.squarespace.com/blog/2009/6/24/ten-day-4th-of-july-forecas ...truncated...
Info/Broken?: http://www.bostonbubble.com/link_info.php?id=2420

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Brian C



Joined: 13 Feb 2009
Posts: 98
PostPosted: Thu Jun 25, 2009 3:31 pm GMT    Post subject: Reply with quote
With inventory already 17% lower than last year, I think this large rush of canceled or expired listings will not happen.

As of June 23rd the MAR states there is 29,000 SFH on the market. Compared to last years 35,000. This article states that there will be 3,500 expired listings...no way! You will see the historical drops like maybe 1,500-2,000 listings.

Going through the listings that will expire, its just bad marketing and non-aggressive price drops. Don't home sellers realize that those PCG's are "free advertising" back into potential buyers. But most of these expired listings have dropped only once over their time period.
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