Frank asked about the breakdown of REO/SS/regular-sellers:
SD County, August 2010, all property types
| Seller | # of sales | Avg. Sales Price | $-per-sf | DOM |
| Short-Sales | ||||
| REO | ||||
| Regular |
North SD County Coastal (La Jolla to Carlsbad)
| Seller | # of sales | Avg. Sales Price | $-per-sf | DOM |
| Short-Sales | ||||
| REO | ||||
| Regular |
Note that when a listing is marked contingent, the ‘days on market’ clock keeps ticking. It is only once it is marked pending that it stops – which enables the fraudulent sales to misrepresent the actual time on market. In other words, a listing agent can input a listing and immediately mark it contingent, then change it to pending 3 months later – and the DOM will show 90. Yet above the short-sale average DOM above is much longer than the others – it’s because some agents incorrectly mark their short-sales pending, instead of contingent, which runs up the DOM.
