Expired listings: off the chart AGAIN

Thursday 03/02/2006: The progression of the higher highs of the number of daily expired listings continue to impress. Only 6 months ago, we posted this chart with great interest seeing the expired listings rose to 42 units on September 1. That was a record then, but that's nothing compared to 176 units on February 1 and now 177 units on March 1. September 2005 turned out to be just the beginning. Higher number of daily expired listings indicates weakening of the housing market. And, customarily, there's higher number of expired listings in the beginning of the month.