2009 ended with 5 months in a row of a trend in the right direction. (The red trend-line represents a moving 3-month average.)
click chart to embiggen.
Note: 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. Numbers are believed to be accurate but not guaranteed.
“Word on the street” is, after being slow in the 4th quarter, the banks’ listing agents are getting busy again. Unfortunately, I’m expecting next month’s numbers to buck the current trend..
Your hoping the street is wrong Realtor,