Lori Uhl McClelland's Blog

Single Family Residential

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Actives:  SBC~180 of which REO/Bank Owned~32 or 18%

                       HO~97 of which REO/Bank Owned~24 or 25%

Pendings: SBC~222 of which REO/Bank Owned~73 or 33%

                          HO~197 of which REO/Bank Owned~70 or 36%

Absorption Rate: SBC~.81  HO~.49 months supply of inventory

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Sold’s for the week: 8

  High: $635,000 Equity Sale, New Conv. 1st

  Low:  $246,000 REO, New Conv. 1st

  Full Price or Over Asking: 7 or 88%

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Sale Type

REO/Bank Owned: 6 or 75%

Short Sale: 1 or 13%

Equity Sale: 1 or 13%

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Financing Type

New Conventional 1st: 5 or 63%

FHA: 3 or 37%

CASH: 0

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 Another light week in the numbers.

After a long dry spell I received a new REO listing this week.

Single Family Residential

Active: SBC~178 of which REO~32 or 18%

                 HO~94  of which REO~27 or 29%

Pending:  SBC~222 of which REO~85 or 38%

                      HO~200 of which REO~79 or 40%

Absorption Rate:  SBC~ .8 

                                       HO~ .47 months supply of inventory

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 Solds for the week: 14

High: $488,000 REO-New Conv. 1st

Low:  $100,000 Probate Sale-Cash

Full-Price or Over: 9 or 64%

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Sale Type:

REO~12 or 86%

Equity Sale~1 or 7%

Probate Sale~1 or 7%

Short Sale~0

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Financing Type:

New Conv. 1st~9 or 64%

FHA Loan~1 or 7%

Cash~ 4 or 29%

Wow! The active inventory continues its downhill march.