Each month as I go to pull numbers from the MLS and create this chart, I’m always hoping to see some tapering off in the number of new distressed listings hitting the market. Not this month, however – it looks a little like status quo to me.
Good news is status quo is a lot better than seeing the numbers increase. Bad news is we’re not going to fully recover until we see these numbers taper off..
(click to see a full-screen view)
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 would love to see a ‘mere’ 4,000 distressed listings next month Realtor,