All that matters to most buyers is the flow of new REO listings – has the flood started?

San Diego County, Attached and Detached REOs:

Week Of # REO New Listings # REOs Marked PEND # REOs Closed Closed $/sf
6/29-7/4
206
189
224
$161/sf
7/5-11
229
236
230
$166/sf
7/12-18
243
227
212
$178/sf
7/19-25
229
252
242
$166/sf
7/26-8/1
211
233
317
$198/sf
8/2-8
211
232
177
$168/sf
8/9-15
198
256
172
$167/sf
8/16-22
191
189
206
$170/sf
8/23-29
208
216
230
$182/sf
8/30-9/5
196
237
243
$172/sf
9/6-12
177
208
107*
$176/sf

* late-reporters should fill this out, but will it get to 200?

If anything, the REO market is slowing down a little, not speeding up.

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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