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Statistics on Short Sale Listings??

By
Real Estate Agent with Berkshire Hathaway HSCP

I used to work expireds quite a bit for listings and gave it a break after I got a wave of past-client listings. Today I went back to the MLS to hit the expireds and discovered an interesting statistic...out of 18 expired/cancelled/withdrawn listings in my city in just one day, 7 of them were potential short sales. I don't have time to check out all the active listings but can you imagine what next year will look like if roughly half of all listings are short sales or almost short sales! (FYI--none of those 7 expired listings were entered in the MLS as short sales as a search criteria.) This would be an interesting statistic for the banks to use to get on board with short sales and loan modifications.

Paul Jerome
Seller Helps Buyer - Clearwater, FL

Shari, I agree wholeheartedly!  And I hope we'll see more loan mods as time moves on.  The short sales are definitely becoming more and more common.

Paul

Oct 13, 2007 11:34 AM