I’ve said many times and still maintain this chart will show us when things begin to get back to normal. (When the tidal wave of bank-involved business ebbs and sellers can compete with each other, rather than with the banks.) Unfortunately, we’re not there yet…
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.
Your watching & waiting Realtor,