Listings Down - Short Sales Up
Availability has declined 32 out of the last 35 weeks, with the latest posting another decline of 185 units.
Available inventory = 12,368 – which is down 43.6% or 9,573 units from the same time in 2008.
Short sale closings have risen. Note that 7,800 short sale units have sales contracts in place (contingent or pending), but have yet to close. Short Sales represent 54.6 percent of all escrows.
