Definition
A property listing that didn't sell within the contract period and the listing agreement expired. Signals problems: overpricing, poor marketing, property condition. Relisting requires correcting underlying issues.
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Expired listings signal problems: overpricing, poor marketing, or property condition. Relisting requires correcting underlying issues.
Pro Tip
Use expiration as opportunity to adjust strategy and address original issues.
Example
Listing expires after 6 months unsold; relisted at $25,000 lower price.