Speaking of which, Short sales 4,022 up from 3,838 last week. Still no end in sight here.
Countywide we are at 19,657 up from 19,426. Pendings are getting slower and slower. Here’s an example. In my submarket, pendings peaked the last 2 years around the 1st week in April. By the end of August last year, pendings were about 25% than the early April peak. This year pendings are nearly 50% lower than they were in the early April peak.
