McLean Real Estate News

Comparison of Withdrawn and Expired Listings for 22101

The changes in the number of Withdrawn and Expired listings from one year to the next or one quarter to the next gives a good indication of sellers’ expectations.

The numbers have been adjusted to exclude the properties that were put back on the market.

From quarter end 3/31/10 to quarter end 3/31/11, the number of withdrawn and expired listings for the price range of $1,200,000-$1,499,999 increased from 12 to 17.   This indicates that more sellers are not getting the prices that they expect and are taking them off of the market.

For the price range of $2,000,000 – $2,499,999, the number of withdrawn and expired listings dropped from 8 to 4 (or by half).  For the price range of $2,500,000 – $2,999,999, the number of withdrawn and expired listings dropped from 6 to 3 (or by half).  For the price range of $3,000,000 and up the number of withdrawn and expired listings dropped from 4 to 1 (or 75%). This indicates that more sellers are getting the price that they expect for their houses.