Distressed sales have dwindled down to a fraction of the NSDCC market, though they were never a large contributor.
Here are the detached-home sales from the June 1-to-August 31 period:
There are only 9 active listings of short sales (out of 1,030 total active listings), 29 are marked as contingent currently, plus 4 active listings of REOs.
Should the feds decide to not extend the relief from debt tax past 12/31/13, it should be the final straw and end short sales altogether around here.
For buyers, the hope of getting a deal should be fully extinguished, and just trying to find something suitable for a decent price is a major challenge.