The Short Sale Monitor

[sdrealtor]

Update time!

Short sales 5,653 up from 5,648. Combined with the last couple weeks, we may be leveling off. Something to watch as we go forward.

Countywide we are at 18,334 down from 18,856 last week. Inventory is dropping off but not precipitously yet. There may be something to my thought that the difference this year could be all the distressed inventory that will stay on.

[sdrealtor]

Update time!

Short sales 5,653 up from 5,648. Combined with the last couple weeks, we may be leveling off. Something to watch as we go forward.

Countywide we are at 18,334 down from 18,856 last week. Inventory is dropping off but not precipitously yet. There may be something to my thought that the difference this year could be all the distressed inventory that will stay on.

[sdrealtor]

Update time!

Short sales 5,653 up from 5,648. Combined with the last couple weeks, we may be leveling off. Something to watch as we go forward.

Countywide we are at 18,334 down from 18,856 last week. Inventory is dropping off but not precipitously yet. There may be something to my thought that the difference this year could be all the distressed inventory that will stay on.

[sdrealtor]

Update time!

Short sales 5,653 up from 5,648. Combined with the last couple weeks, we may be leveling off. Something to watch as we go forward.

Countywide we are at 18,334 down from 18,856 last week. Inventory is dropping off but not precipitously yet. There may be something to my thought that the difference this year could be all the distressed inventory that will stay on.

[Artifact]

The delayed figures (excuse = vacations, children, work, etc, blah, blah).

I agree that it looks like the short sales are slowing down, but compared to the total listings, the overall percentage is still increasing. If we assume these numbers reflect the actual relative values in the market given the comments a few posts back, this will be interesting to track. Possibly we are seeing non-distressed houses pulled off the market or selling, but distressed sales staying until they sell or get forclosed? That is complete speculation on my part just looking at these data, which are only rough estimates, but following the current trend, even with decreasing listings, the percentage of listings that are distressed keeps increasing – how that trend plays out until the “spring rebound” could play a major role in what the spring sales and prices look like.

[img_assist|nid=5641|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=297]
[img_assist|nid=5642|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=297]

[Artifact]

The delayed figures (excuse = vacations, children, work, etc, blah, blah).

I agree that it looks like the short sales are slowing down, but compared to the total listings, the overall percentage is still increasing. If we assume these numbers reflect the actual relative values in the market given the comments a few posts back, this will be interesting to track. Possibly we are seeing non-distressed houses pulled off the market or selling, but distressed sales staying until they sell or get forclosed? That is complete speculation on my part just looking at these data, which are only rough estimates, but following the current trend, even with decreasing listings, the percentage of listings that are distressed keeps increasing – how that trend plays out until the “spring rebound” could play a major role in what the spring sales and prices look like.

[img_assist|nid=5641|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=297]
[img_assist|nid=5642|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=297]

[Artifact]

The delayed figures (excuse = vacations, children, work, etc, blah, blah).

I agree that it looks like the short sales are slowing down, but compared to the total listings, the overall percentage is still increasing. If we assume these numbers reflect the actual relative values in the market given the comments a few posts back, this will be interesting to track. Possibly we are seeing non-distressed houses pulled off the market or selling, but distressed sales staying until they sell or get forclosed? That is complete speculation on my part just looking at these data, which are only rough estimates, but following the current trend, even with decreasing listings, the percentage of listings that are distressed keeps increasing – how that trend plays out until the “spring rebound” could play a major role in what the spring sales and prices look like.

[img_assist|nid=5641|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=297]
[img_assist|nid=5642|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=297]

[Artifact]

The delayed figures (excuse = vacations, children, work, etc, blah, blah).

I agree that it looks like the short sales are slowing down, but compared to the total listings, the overall percentage is still increasing. If we assume these numbers reflect the actual relative values in the market given the comments a few posts back, this will be interesting to track. Possibly we are seeing non-distressed houses pulled off the market or selling, but distressed sales staying until they sell or get forclosed? That is complete speculation on my part just looking at these data, which are only rough estimates, but following the current trend, even with decreasing listings, the percentage of listings that are distressed keeps increasing – how that trend plays out until the “spring rebound” could play a major role in what the spring sales and prices look like.

[img_assist|nid=5641|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=297]
[img_assist|nid=5642|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=297]

[Artifact]

The delayed figures (excuse = vacations, children, work, etc, blah, blah).

I agree that it looks like the short sales are slowing down, but compared to the total listings, the overall percentage is still increasing. If we assume these numbers reflect the actual relative values in the market given the comments a few posts back, this will be interesting to track. Possibly we are seeing non-distressed houses pulled off the market or selling, but distressed sales staying until they sell or get forclosed? That is complete speculation on my part just looking at these data, which are only rough estimates, but following the current trend, even with decreasing listings, the percentage of listings that are distressed keeps increasing – how that trend plays out until the “spring rebound” could play a major role in what the spring sales and prices look like.

[img_assist|nid=5641|title= Short Sales and Total Listings|desc=|link=node|align=left|width=466|height=297]
[img_assist|nid=5642|title= Percent Change and Percent Short of Total|desc=|link=node|align=left|width=466|height=297]

[SD Realtor]

The only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.

SD Realtor

[SD Realtor]

The only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.

SD Realtor

[SD Realtor]

The only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.

SD Realtor

[SD Realtor]

The only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.

SD Realtor

[SD Realtor]

The only caviot I would raise is that it takes froma few days to many many weeks for lenders to respond to short sales right now. Thus there is a percentage of short sales with offers on them, but they are still listed as active because the file is sitting on some stressed our asset managers desk along with hundreds of other ones. Thus the realtor wants to collect as many offers as he/she can.

SD Realtor

[sdrealtor]

Update time!

Short sales 5,734 up from 5,653. We looked to be leveling off but climbed this week

Countywide we are at 18,158 down from 18,334 last week. Inventory is dropping off but not precipitously yet. It should have already. We may see some interesting inventory levels this Spring.

[Author]

Posts