How many homes are moving in the last 30 days? What shows up on the MLS I can share. New homes don't usually hit the MLS, and trust me, there are some new homes moving.
Active ~ 568 total
Only 40 are Short-Sale
And, only 17 are Bank Owned
Just about exactly 10% of the market is distressed sales.
The deals were a year ago....those are gone,
unless you're in a judicial state waiting to pounce like a vulture!
Pending/Back-Up ~ 619 total
265 are Short-Sale
Again, the number 17 is what hits for Bank Owned
Sold in the last 30 days? ~ 299
SS = 49
REO = 12
So, we are at a two month supply. We are seeing price reductions. I am seeing a lot of my networking groups sharing staler listings. You know, the ones that haven't sold in the first 2 weeks? Yep, I've got one of those too!
At any rate, that's the latest numbers for our SCV. I believe the number of homes sold in last 30 days is a little less due to the hike in rates scare we had a couple months ago.
Questions, comments? Have at it!