I’ve mentioned this before earlier in the thread, but I believe it was discounted as irrelevant.
Recently, I’ve been noticing a larger number of listings with comments like “Not a short sale!” in the Remarks and or Confidential Remarks section. I created a search query that looked for this comment and found a total of 245 active/pending attached and detached listings with this comment in the listing. Obviously agents have learned they will be pulled into foreclosure/reo searches by adding these comments to the listing.
If you are not removing these listings from your search every week, your weekly number could be 7% over stated (based on this weeks 3,100+/- short sale listings). I’m noticing more of these every week, so it’s possible this type of listing may be increasing at a faster rate than real short sales which is really going to skew your results.
Have you taken this into account? Maybe this was already addressed but I missed it. Would you consider this irrelevant? Also, how are you setting your search to return more than 250 results? Thanks.
