What is a primary reason for listings to expire?

The primary reason for listings to expire is often due to inaccurate pricing. When a property is listed at a price that does not accurately reflect its market value, it can lead to a lack of interest from potential buyers. If the price is set too high compared to similar properties in the area, it can discourage showings and offers. Conversely, if the price is too low, sellers may receive offers that do not meet their expectations, leading to frustration and decision to withdraw the home from the market. Properly pricing a property is essential for maintaining buyer engagement and ensuring that the listing remains active until it successfully sells.

High demand for properties can lead to quick sales rather than expired listings; extensive marketing efforts typically support active listings rather than cause them to expire; and geographic limitations may affect a property’s marketability but do not directly link to the pricing strategy that often results in expired listings.