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Is This The Sign Of The Times? Less Inventory In Our MLS?

Today I was curious to see how inventory would be affected because of the New Year! It was interesting as to what my findings are. Is this the sign of the times? Less real estate inventory in our Daytona Beach Area Association of REALTOR's MLS....

Did I read that correctly? 758 Expired Real Estate Listings....now that is something! Hooray! It's exactly what we need..and I hope they remain....expired!

Midori Miller is a licensed real estate associate with CENTURY 21 Sundance Realty, Real Estate Trainer and Manager. If you are interested in a career in real estate please contact me! All calls and inquiries are confidential. CENTURY 21 Sundance Realty is located in Volusia County with 3 office locations to better serve the public. Daytona Beach, Ormond Beach and Ormond by the Sea. midorimiller@yahoo.com (386) 453-3236

Posted by Midori Miller-Daytona Beach Florida Real Estate Trainer on 01/01/2009 07:54 PM

Comments (22)

Expired Listings in the ActiveRain Channel

mls inventory, expireds, new listings, new year, daytona beach area association of realtors, midori miller, real estate training

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22 Comments on Is This The Sign Of The Times? Less Inventory In Our MLS?

JAN

Midori, I agree. I have actually been encouraging sellers who do not "need" to sell to keep their homes off the market for now. Most of those who do not NEED to sell are not wanting to price accordingly, as they are not motivated accordingly. I really feel once we can clear those out of the way, it will create a more level market. IMHO anyway.

I keep a running graph of active listings and have for the past several years. What typically happens here is that the number of listing drops on January 1st and then they slowly are relisted in the next 30 days. :-(

I could not believe the number of expireds today either, Midori! I think some sellers just wanted to try until the end of the year and see what happened. It's definitely a sign of the times!

Happy New Year--it's going to get better!

Debe in Charlotte

I had to check our MLS...879 expired listings. Hope most of those stay off the market for a while!

Very good observation. I will have check my local MLS data. Happy new year.

The expired numbers being up does not encourage me as much as the sold ones being up. Have a prosperous 2009!

I will have to go check our local numbers and see how things look around here. I too am real interested in the solds.....

Thanks for bringing that up Midori. I didn't check my MLS today-I was busy doing some other stuff. But I will definitely check it out tomorow. Happy New Year to you. Much success to you in 2009. Great post.

Midori, I haven't checked our numbers yet but I definitely will. I'm sure our numbers will be high also.

Lets' just hope it's not because so many secretaries... and agents... haven't gotten their new listings into the MLS... umm... I have two =/

Hurray is right! Maybe this will be the year when the market turns around!

Debbie

JAN

I think that I need to go in and check out what is going on here. I would like to see more solds too.

A couple of things...if your niche is expireds...today is the day!

I'm not talking about new listings...or solds or pending for that matter...I was happy to see so many listings expire...and I hope they remain expired!

Listings are the name of the game...and no one can convince me otherwise..listings...better quality...priced right and most of all saleable!

This is could be the sign of the times if REALTORS would say NO to junk listings!

Hi Midori:

I think we all had a hot sheet for 1/1/09 that looked just like that!

Yes, let's hope that those homes stay off...

ToulaRosebrock.com

Yes, leave the homes off the market until market changes, and until ready to list at prices appropriate for 'today's' market.

Wow... that is a lot of expired listings for one day! Our numbers are down too but manly due to the fact that many people have removed their homes for the holidays.

OMG we had a lot of expireds too!!! good news for us

It's not just expired numbers that are dropping. I've been tracking the number of listings over the last 6 months and they are declining, at least here in my suburb.

Well the numbers are still dropping and I hope all of you are as lucky as we are! I just hope come next week those same properties that didn't sell in the past aren't back up at the same price and condition! there is a listing by my house...I've blogged about it before and guess what..its been on the market as long as I have been on.............Activerain....pretty sad don't you think? I've been here since June 2006! Here is today's update.....

Midori - I love to look through the expired listings at the beginning of the month... I've been tracking our stats and we've had less inventory entering the market. We're hoping for a change here in Lake Mary.

Midori... I have been looking at my market trend reports, and there is a normal but in expireds at the end of Dec. up here... And they usually seem to stay off until February/March.

JAN

Midori - So true ! A lot less inventory from coast to coast ! I know that we will be sending out a lot of letters for all the expireds in our area this week. A good opportunity for some agents to pick up some listings AT BETTER PRICES hopefully ! Great post.

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