What is an Expired Listing in Real Estate?

What is an Expired Listing in Real Estate?

An expired listing in real estate refers to a property that was listed for sale but did not sell during the contract period set between the seller and the real estate agent. Once the listing period ends without a sale, the listing is considered expired. At this point, the seller can choose to re-list the property, either with the same agent or a different one, adjust the price, or make other changes to improve its marketability.