My mind is off on a tangent. Maybe it's an uprising. Maybe the frustration level has reached its breaking point. Maybe the straw on the proverbial camel's back has been placed and the camel's back is broken? Maybe it's not really a trend at all, just a fluke.
Regardless of whether it's a trend or fluke, it's unusual to request showings and get a response saying the agent is cancelling the listing. One agent's response to me regarding the cancellation was that the lender/owner of the property has not given a response to her 18 phone calls and 3 offers that were submitted for lender approval three months ago. She's unwilling to work with someone who is unwilling to work with her in return! (I think I agree with that one!). Two other bank owned listings in my tour of 10 were also canceled by the agent. It's hard not to combine these cancellations with comments over the water cooler: "That lender is so frustrating. They still haven't made a decision and the offers have been in for 4 months." "Don't the mortgage companies know this is a good offer? What are they waiting for?" "I'm never going to list a short sale again." "The lender got an appraisal for $190,000 on this house and it will be lucky to sell for $125!", etc.
Is it possible that these St. Paul real estate agents have had enough of the stalling? Is it possible the amount of work put into a short sale is being weighed against the reduced commission the lender requires? Is it possible they're following through on their threats never to list a short sale again? The lenders , and buyers, need not worry because there are always agents willing to take up the slack. The short sales will continue to be listed for sale. From my perspective, though, my mind can't help but wonder why so many cancellations from one small tour.