In the areas I’ve been watching on Zip, I’ve been seeing many properties go from “active” status to “inactive” status. Is there anyway to tell whether these are expired listings or something else?
Thanks SD. There’s quite a few pendings in there. That makes me think that the UTC market still has quite a few interested buyers. Is that what you’ve been seeing in that area?
Maybe other realtors/appraisers will comment but personally I have seen an increase in the active/pending ratio in addition to more pendings overall. I have seen this happen in Scripps, UC, Carmel Valley… I believe the reason is two fold, first off the properties that were well overpriced are finally dropping off the market, and second if they are not dropping off the market they are pricing competitively and selling. That is just a guess and we need to see how things look over the next few months.
.
