Timing the Bottom

[SD Realtor]

Woodrow –

Quick definitions –

Cancelled – Indicated that the listing agreement between the listing agent and the owner has been cancelled. The owner is free to list his home with another agent, sell it on his own, not sell it at all. The owner may even relist with the same agent.

Withdrawn – Indicates that the listing agreement between the listing agent and the owner is still valid. That the seller has withdrawn his listing from being actively marketted on the MLS BUT is still under contract with the listing agent.

Expired – Indicates the listing agreement between the listing agent and the owner has expired. The owner may relist with the existing agent or another agent. Or he may not relist with anyone.

There is a bit more grey area then indicated when interpreting the mindset of the seller with regards to giving up. It is better to generalize it all. Thus in slow markets you tend to see more expirations, cancelled and withdrawns overall then in hotter markets. The more exp, canc, and withs that you see, the more indicative of sellers homes sitting on the market longer, and longer, and longer. You may see a few expirations and or cancelleds/withdrawns for a single home and then finally it sold…. or it may never have sold and yeah the sellers gave up.

So in the fall and winter these classifications, especially the withdrawns grow… The withdrawns are the hold and hopers hoping that they will sit out the holidays only to come back in the spring and try to snag a trout.

SD Realtor

[SD Realtor]

Woodrow –

Quick definitions –

Cancelled – Indicated that the listing agreement between the listing agent and the owner has been cancelled. The owner is free to list his home with another agent, sell it on his own, not sell it at all. The owner may even relist with the same agent.

Withdrawn – Indicates that the listing agreement between the listing agent and the owner is still valid. That the seller has withdrawn his listing from being actively marketted on the MLS BUT is still under contract with the listing agent.

Expired – Indicates the listing agreement between the listing agent and the owner has expired. The owner may relist with the existing agent or another agent. Or he may not relist with anyone.

There is a bit more grey area then indicated when interpreting the mindset of the seller with regards to giving up. It is better to generalize it all. Thus in slow markets you tend to see more expirations, cancelled and withdrawns overall then in hotter markets. The more exp, canc, and withs that you see, the more indicative of sellers homes sitting on the market longer, and longer, and longer. You may see a few expirations and or cancelleds/withdrawns for a single home and then finally it sold…. or it may never have sold and yeah the sellers gave up.

So in the fall and winter these classifications, especially the withdrawns grow… The withdrawns are the hold and hopers hoping that they will sit out the holidays only to come back in the spring and try to snag a trout.

SD Realtor

[SD Realtor]

Woodrow –

Quick definitions –

Cancelled – Indicated that the listing agreement between the listing agent and the owner has been cancelled. The owner is free to list his home with another agent, sell it on his own, not sell it at all. The owner may even relist with the same agent.

Withdrawn – Indicates that the listing agreement between the listing agent and the owner is still valid. That the seller has withdrawn his listing from being actively marketted on the MLS BUT is still under contract with the listing agent.

Expired – Indicates the listing agreement between the listing agent and the owner has expired. The owner may relist with the existing agent or another agent. Or he may not relist with anyone.

There is a bit more grey area then indicated when interpreting the mindset of the seller with regards to giving up. It is better to generalize it all. Thus in slow markets you tend to see more expirations, cancelled and withdrawns overall then in hotter markets. The more exp, canc, and withs that you see, the more indicative of sellers homes sitting on the market longer, and longer, and longer. You may see a few expirations and or cancelleds/withdrawns for a single home and then finally it sold…. or it may never have sold and yeah the sellers gave up.

So in the fall and winter these classifications, especially the withdrawns grow… The withdrawns are the hold and hopers hoping that they will sit out the holidays only to come back in the spring and try to snag a trout.

SD Realtor

[SD Realtor]

Woodrow –

Quick definitions –

Cancelled – Indicated that the listing agreement between the listing agent and the owner has been cancelled. The owner is free to list his home with another agent, sell it on his own, not sell it at all. The owner may even relist with the same agent.

Withdrawn – Indicates that the listing agreement between the listing agent and the owner is still valid. That the seller has withdrawn his listing from being actively marketted on the MLS BUT is still under contract with the listing agent.

Expired – Indicates the listing agreement between the listing agent and the owner has expired. The owner may relist with the existing agent or another agent. Or he may not relist with anyone.

There is a bit more grey area then indicated when interpreting the mindset of the seller with regards to giving up. It is better to generalize it all. Thus in slow markets you tend to see more expirations, cancelled and withdrawns overall then in hotter markets. The more exp, canc, and withs that you see, the more indicative of sellers homes sitting on the market longer, and longer, and longer. You may see a few expirations and or cancelleds/withdrawns for a single home and then finally it sold…. or it may never have sold and yeah the sellers gave up.

So in the fall and winter these classifications, especially the withdrawns grow… The withdrawns are the hold and hopers hoping that they will sit out the holidays only to come back in the spring and try to snag a trout.

SD Realtor

[woodrow]

Gracias SD Realtor. Your explanation makes sense.

[woodrow]

Gracias SD Realtor. Your explanation makes sense.

[woodrow]

Gracias SD Realtor. Your explanation makes sense.

[woodrow]

Gracias SD Realtor. Your explanation makes sense.

[woodrow]

Gracias SD Realtor. Your explanation makes sense.

[RatherOpinionated]

NAHB index for sales of new, single-family homes unchanged
at 19 in November from the prior month. The reading for October and November is the lowest since the start of the index in 1985. The index is based on a survey of 342 home builders, who answer questions about sales prospects now and in the near future. When the index is greater than 50, it means the number of builders who see good sales outnumber those who see poor sales. NAHB chief economist David Seiders sees signs of “stabilization” in the report, and says he expects “an upswing in building activity,” most likely by 2H08.

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

NAHB index for sales of new, single-family homes unchanged
at 19 in November from the prior month. The reading for October and November is the lowest since the start of the index in 1985. The index is based on a survey of 342 home builders, who answer questions about sales prospects now and in the near future. When the index is greater than 50, it means the number of builders who see good sales outnumber those who see poor sales. NAHB chief economist David Seiders sees signs of “stabilization” in the report, and says he expects “an upswing in building activity,” most likely by 2H08.

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

NAHB index for sales of new, single-family homes unchanged
at 19 in November from the prior month. The reading for October and November is the lowest since the start of the index in 1985. The index is based on a survey of 342 home builders, who answer questions about sales prospects now and in the near future. When the index is greater than 50, it means the number of builders who see good sales outnumber those who see poor sales. NAHB chief economist David Seiders sees signs of “stabilization” in the report, and says he expects “an upswing in building activity,” most likely by 2H08.

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

NAHB index for sales of new, single-family homes unchanged
at 19 in November from the prior month. The reading for October and November is the lowest since the start of the index in 1985. The index is based on a survey of 342 home builders, who answer questions about sales prospects now and in the near future. When the index is greater than 50, it means the number of builders who see good sales outnumber those who see poor sales. NAHB chief economist David Seiders sees signs of “stabilization” in the report, and says he expects “an upswing in building activity,” most likely by 2H08.

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

NAHB index for sales of new, single-family homes unchanged
at 19 in November from the prior month. The reading for October and November is the lowest since the start of the index in 1985. The index is based on a survey of 342 home builders, who answer questions about sales prospects now and in the near future. When the index is greater than 50, it means the number of builders who see good sales outnumber those who see poor sales. NAHB chief economist David Seiders sees signs of “stabilization” in the report, and says he expects “an upswing in building activity,” most likely by 2H08.

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

Nov. home prices, sales plummet; has market hit bottom?
UNION-TRIBUNE
December 19, 2007
http://www.signonsandiego.com/news/business/20071219-9999-1b19housing.html

You think this might motivate some fence-sitting renters?

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

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