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

By Midori Miller

Services for Real Estate Pros with Talk 2 Midori, LLC BK645709

January 01, 2009 11:54 AM

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

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Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

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

Jan 01, 2009 12:17 PM

Gary L. Waters Broker Associate, Bucci Realty

Bucci Realty, Inc. - Melbourne, FL

Eighteen Years Experience in Brevard County

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

Jan 01, 2009 12:19 PM

real estate real estate

Providence, RI

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

Jan 01, 2009 12:26 PM

Randy L. Prothero

eXp Realty - Hollister, MO

Missouri REALTOR, (808) 384-5645

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

Jan 01, 2009 12:48 PM

Ann Allen Hoover

RE/MAX Advantage South - Hoover, AL

CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

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

Jan 01, 2009 12:53 PM

Lanre-"THE REAL ESTATE FARMER" Folayan

Samson Properties - Bowie, MD

I don't make promises.I deliver results.SOLD HOMES

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.

Jan 01, 2009 12:56 PM

Barb Szabo, CRS

RE/MAX Above & Beyond - Cleveland, OH

E-pro Realtor, Cleveland Ohio Homes

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

Jan 01, 2009 01:59 PM

Lisa Hill

Florida Property Experts - Daytona Beach, FL

Daytona Beach Real Estate

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 =/

Jan 01, 2009 03:46 PM

Debbie Hutchins

Birmingham, AL

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

Debbie

Jan 01, 2009 03:56 PM

Don Rogers

Keller Williams Realty Chesterfield - O'Fallon, MO

Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

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

Jan 01, 2009 09:20 PM

Midori Miller

Talk 2 Midori, LLC - Daytona Beach, FL

Online Marketing For Real Estate Professionals

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!

Jan 01, 2009 10:28 PM

Toula Rosebrock

Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ

Broker/Sales Associate, Realtor, Lacey Township,

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

Jan 01, 2009 11:01 PM

Susie Blackmon

Ocala, FL

Ocala, Horses, Western Wear, Horse Farms, Marketing

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

Jan 01, 2009 11:17 PM

Monika McGillicuddy

Berkshire Hathaway HomeServices Verani Realty - Hampstead, NH

Southern NH & the Seacoast Area

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.

Jan 01, 2009 11:58 PM

Andrea Palmer

Jones & Co. Realty 239-333-5556 - Cape Coral, FL

Phone 239-333-5556

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

Jan 02, 2009 07:00 AM

Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

HomeSmart Stars - Addison, TX

Real Service. Real Results. Real Estate

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.

Jan 02, 2009 07:13 AM

Midori Miller

Talk 2 Midori, LLC - Daytona Beach, FL

Online Marketing For Real Estate Professionals

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.....

Jan 02, 2009 07:25 AM

Debbie Summers

Charles Rutenberg Realty - New Smyrna Beach, FL

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.

Jan 02, 2009 11:24 AM

Lane Bailey

Century 21 Results Realty - Suwanee, GA

Realtor & Car Guy

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 02, 2009 01:31 PM

The Somers Team

The Somers Team at KW Philadelphia - Philadelphia, PA

Delivering Real Estate Happiness

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.

Jan 03, 2009 06:57 AM