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|
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!