Active listing inventory in the US continues to rise. Nationwide, the number of listings increased by 33.5% over last year. Many markets had far higher increases year over year, such as Phoenix; Raleigh, North Carolina; and Nashville, Tennessee, leading with gains of 173.9%, 167.4%, and 145%, respectively. Along with more inventory comes longer days on the market, fewer showings, no more competing offers, and more power to qualified buyers.
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What causes a listing to NOT sell? Why does a listing expire? Why does it get deprioritized by buyers or buyers’ agents? Why would a seller fire you when it’s only been on the market a few weeks? How can a listing actually get zero showings?
This is part 3 of ‘ALERT: Real Estate Listings Not Selling? Do THIS NOW!’
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