April 25th, 2009 6:26 AM

Single Family Residential
____________________________________________________________

Active: SBC~198 of which 36~REO or 18%
             HO~117 of which 36~REO or 29%

Pending: SBC~211 of which 91~REO or 43%
                HO~187 of which 80~REO or 43%

Absorption Rate: SBC~.94  HO~.63 months supply of inventory
____________________________________________________________

Sold’s for the week: 14

    High: $484,000 Equity Sale,  New Conv. 1st
    Low:   $89,000 REO, Cash

Full-Price or Over Asking: 10 or 71%
____________________________________________________________

Sale Type:

REO~10 or 71%   Short Sale: 3 or 21%  Equity Sale: 1 or 7%
____________________________________________________________

Financing Type:

New Conv. 1st~ 6 or 43%  
FHA Loan~ 6 or 43%
VA Loan~ 1 or 7%
Cash~ 1 or 7%
____________________________________________________________

Wow! 70% of the Sold’s were at full-price or over asking price. Why? The low REO inventory due to the pause in foreclosure activity over the holidays. Low inventory stimulates demand and will help establish pricing stability in the market place, for now……….