SD Realtor, I still don’t get why we have to know anything about people who cancel their listings. If they cancel, expire or withdraw and list again, then inventory will stay unchanged. If they don’t list again, inventory is down by one.
Either way, their decision ultimately shows up in inventory and sales numbers. Why do we need to know the reason for falling off the MLS? Couldn’t you take this to extremes, and start tracking how many people were removed off the MLS due to job loss? I mean, do we need to know the exact reason that a listing came off the MLS?
Or are you trying to say that in a climbing market, the c/e/w are very low, so their high numbers indicates a distressed market? But if so, do they tell you anything that you wouldn’t already get in the other ratios? In other words, what is the value added of using these measurements? I just don’t get it.
What’s the difference between cancelled and withdrawn?
