Short sales 1,577 up significantly again from 1,482 last week.
Total SD County Listings 16,236 up from 15,892 from last week and finally on the rise though not as much as one would have expected.
I just checked back to the beginning of this thread (11/27/06 when I started using current methodology). Inventory is down about 10% from 18,070 to 16,236 while short sale activity is up over 50% from 933 to 1,577. As I hypothesized a couple months ago, the market is continuing its shift toward domination by distress sales. What that will mean is complex and time consuming transactions. It will not be easy to buy a home on an administrative basis as lender involvement typically adds at least two months to the process even for a clean offer from a well qualified buyer.
