Comments on: Where do expired listings go? http://memphisrealestatebuzz.com/2009/12/31/where-do-expired-listings-go/ The Memphis Real Estate 2.0 Site - Home Search, Local and National RE News Thu, 22 Jul 2010 04:56:33 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Joe Spake http://memphisrealestatebuzz.com/2009/12/31/where-do-expired-listings-go/comment-page-1/#comment-636 Joe Spake Thu, 31 Dec 2009 16:38:52 +0000 http://memphisrealestatebuzz.com/?p=848#comment-636 Bill, Ardell did a few posts on #fail listings starting 12/24. I am afraid that my post doesn't answer my own questions. While I can pull lots of stats from the MLS, I can't figure out how to get the "re-absorption rate" for #fail listings. What happens to the Fails after they fail is the critical metric, and I can't get to that without pulling individual property MLS histories. If you or anyone have any ideas on #Fail re-absorption, I think it would make for an interesting discussion. Bill, Ardell did a few posts on #fail listings starting 12/24. I am afraid that my post doesn’t answer my own questions. While I can pull lots of stats from the MLS, I can’t figure out how to get the “re-absorption rate” for #fail listings. What happens to the Fails after they fail is the critical metric, and I can’t get to that without pulling individual property MLS histories.
If you or anyone have any ideas on #Fail re-absorption, I think it would make for an interesting discussion.

]]> By: RealEstateCafe http://memphisrealestatebuzz.com/2009/12/31/where-do-expired-listings-go/comment-page-1/#comment-635 RealEstateCafe Thu, 31 Dec 2009 13:33:43 +0000 http://memphisrealestatebuzz.com/?p=848#comment-635 Joe, Need to reread this after a second cup of coffee this morning, might take me a week to deconstruct all those numbers in your post and compare them to Massachusetts. I'd like to share your analysis with fellow real estate consumer advocates around the country, and see what the "failed" listings ratio is in their markets. For years, I know that Erle Rawlins has monitored similar stats in Dallas and calculated something he calls the "shrinkage rates." Thanks for the link to Ardell, and please let readers know if hear any other "buzz" about expired and canceled listings in other markets. When the shadow market exceeds the number of MLS listings, can't help but think that will have a transforming effect on the homebuying / selling process. More thoughts to come, and maybe a conference call for others interested in the topic? Bill Wendel Real Estate Cafe 617-661-4046 Joe,

Need to reread this after a second cup of coffee this morning, might take me a week to deconstruct all those numbers in your post and compare them to Massachusetts. I’d like to share your analysis with fellow real estate consumer advocates around the country, and see what the “failed” listings ratio is in their markets. For years, I know that Erle Rawlins has monitored similar stats in Dallas and calculated something he calls the “shrinkage rates.”

Thanks for the link to Ardell, and please let readers know if hear any other “buzz” about expired and canceled listings in other markets. When the shadow market exceeds the number of MLS listings, can’t help but think that will have a transforming effect on the homebuying / selling process. More thoughts to come, and maybe a conference call for others interested in the topic?

Bill Wendel
Real Estate Cafe
617-661-4046

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