Are Short Sales becoming the new norm in Maryland? It seems as if short sales are gathering momentum and here are some interesting facts on the short sale/REO market in Maryland.
| Price Range | Active Homes | Short Sale | Foreclosure | Short Sales | Short Sales |
| Listings | Listings | Foreclosures | |||
| 150-250,000 | 473 | 119 | 74 | 25% | 41% |
| 250-300,000 | 368 | 60 | 19 | 16% | 21% |
| 300-400,000 | 484 | 58 | 17 | 12% | 15% |
| 400-500,000 | 367 | 13 | 4 | 3.50% | 5% |
| 500-600,000 | 222 | 11 | 5 | 5% | 7% |
| Totals | 1914 | 261 | 119 | 14% | 20% |
As you can see, if you are a 1st time home buyer, there is a good chance you may be dealing with a short sale. I would also venture to guess that we will see many more short sales in the higher price brackets.
Are you experiencing financial difficulties and looking for advice on the options available to you? Contact me today, I am personally committed to helping 100 Maryland homeowners prevent foreclosure by 2011.
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