Berlin CT Short Sale Report - 2012
Short sales make up 7% of the current market inventory in Berlin, CT. There are currently 124 homes on market in Berlin, CT with 9 of those homes listed as short sales.
However, short sales make up just 1% of Berlin’s sold inventory for the past 12 months, and just 3% for the prior 12 month period. Berlin seems to have a much lower ratio of short sales than many other CT towns.
Will this last? Time will tell. As we are likely several years away from any significant recovery, it is difficult to predict whether this town has truly fared better than others, or whether further declines and a very slow recovery will force more Berlin CT homeowners into short sale situations.
Are you a homeowner considering a short sale in Berlin CT?. Short sales are complicated transactions and require an agent with experience in the process. Increase your chances of a successful short sale by finding a qualified local hort sale professional.