The joke had kind of been that what showed as active really wasn't. I believe more agents are following the MLS rules and noting them as in back-up position vs. leaving them showing as active when they truly were under contract.
At any rate, below are the stats of today:
Total ~ 894
405 are Short-Sales
142 are REO's
Total ~ 953
609 are Short-Sales
155 are REO's
And, Closed Sales in the last 30 days:
total ~ 241
86 were Short-Sales
74 were REO's
Still hanging tough with about the same number of closings per month. And, still about 60% distressed properties.
Certified Distressed Property Expert ~ that's what I am.
Contact me for any of your Distressed Property questions.