Here in the Sarasota market we are experiencing a vast number of homes expiring as well, mostly due to unrealistic listing prices and the inability of the owners to understand the true value of their homes.  One that came off the market today has been listed with seven different companies over the last three years and I was amazed that the last two agents had continued to list it at a very inflated price.  Although we are experiencing a slight recovery in the market, most of the expired homes were priced at very close to the "bubble" prices of 2004-2005. 

I used to specialize in expired listings.  In the 90's I sold over 37 of them.  There is always a reason...

Hi Kay - In our market the home better sell within 30 days or the DOM become 161.

Kay, in our Greene County here in Georgia, we see a similar thing happening.  We lost an expired listing yesterday, and it was a relief!  Sellers who insist on a high price just aren't worth our time.  Here, at Lake Oconee, we see activity in the low end, and the high end, the middle is rather stagnant. Let's hope 2012 will bring more sales. 

I've noticed that in our market everything below $250K is moving but sluggish. Many years ago I did a post about nothing over 400K had sold in my area in over a year.  That was at the original market slow started to happen. No one believed me but the market doesn't lie.  Great facts to give for your conclusion.