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With inventory of homes being half of what it was two years ago, buyers and agents are having to consider short sales – besides, they are EVERYWHERE now.

Here are the detached listings that have been marked pending or contingent this month:

Town or Area Zip Code Shorts REOs Flips Reg. July PENDs Active Listings
Carlsbad SE 92009 32 1 1 27
61
133
Carmel Vly 92130 17 0 0 26
43
222
Encinitas 92024 19 7 1 20
47
193
RSF both 8 1 0 10
19
348
Totals 76 9 2 83
170
896

If the banks cut loose, and there were dozens of REOs to choose from, the short-sales would fall out of favor immediately. Plus, also note how many listings are not selling (896) – there were only 598 closed sales in these same zips for the entire second half of 2008!

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