What is the primary reason that listings tend to expire?

The primary reason listings tend to expire is often due to being overpriced. When a property is listed at a price that exceeds its market value, potential buyers are deterred from making offers. An overpriced listing can lead to a lack of interest and showings, which ultimately results in an expired listing when the property fails to sell within the listing period.

Pricing a property appropriately is crucial for attracting buyers and facilitating a successful sale, as it aligns with market demand and comparable properties. If a listing is not priced competitively, it can remain stagnant on the market, leading to frustration for both the sellers and the agents involved.

While factors like marketing effectiveness, the duration of the listing, and agent diligence do play roles in the sale process, the price point is a fundamental aspect that usually dictates whether or not a property will successfully attract buyers within the desired timeframe.