Sunday, August 9, 2009

New Distressed Listings by Month – July 2009

Wow.  These are strange times we’re living in.  We’ve been writing a lot lately about how fast the market is moving, how it has turned into a seller’s market in many price ranges, and how there aren’t enough listings to satisfy all the buyers out there.  Yet the number of new distressed listings hitting the market remains at record levels.

The first chart below shows the total number of new listings for distressed properties by month.  The second chart breaks the number down to a listings-by-day number, which better accounts for the varying number of days in each month.

(click on each chart to see a full-screen view)

new distressed listings in Maricopa County

new distressed listings in Maricopa County

I’m pulling all new distressed listings from the MLS, regardless of their current status (active, sold, etc.)  I’m looking at Single Family Detached homes in Maricopa County, with some sort of bank involvement - Short Sales, Pre Foreclosures, Auctions, and Lender-Owned properties.

All data pulled from MLS and is assumed accurate but not guaranteed.

Your thankfully working so hard he doesn’t have time to think about this too much (or else his head would hurt) Realtor,

Chris Butterworth