Where did all the listings go... Episode 258

Where did all the listings go... ...Something Just Happened To Real Estate Inventory Every year, the real estate industry seems to set a huge number of listing contracts to expire on December 31 if the property is unsold by that date which means that the number of homes available for sale drops dramatically on January 1 The vast majority of those properties will come back on the market during the month of January many of them will have: new listing agents lower pricing different marketing some renovations completed Along with that you will see a number of brand new to market listings hit the market from the group of sellers that waited until after the holidays to sell their property the inventory levels will creep upward over the 1st 15 days of the month and by the end of January its very likely that there will be more homes available than on December 31st There will certainly be some listings expiring on January 31st but that number will be much smaller than December 31 For those looking to purchase in the New Year This is good news Tune in for all the details on today's show

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