MLS Area 102 - State Road 46 to Garden St. - Titusville FL - Feb. 6, 2009

184 active listings priced from $22,500 to $695,000
 *32  short sales
   25 REO's

30 properties are under contract ranging in price from $29,900 to $250,000. 
*4 short sales are under contract
  16 REO's are under contract

4 closings so far in 2009
*0 short sale closings
  4 REO's closed

140 residences closed in 2008
*4 short sales closed in 2008
  37 REO's closed in 2008 

 
From this study you can see that most of the short sales are going into foreclosure.
At that point the bank-owned properties are making it to closing.

If you're thinking of listing and want Absorption Rate information, please call or e-mail
and I will be happy to provide the most current numbers. 

Links to previous reports:
Real Estate Market Report & Absorption Rates - Titusville FL (MLS Area 102) - Nov 4, 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 102) - Sept 20, 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 102) - July 28, 2008

I can help you find your Home Sweet Home in Florida ~ TODAY!

Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
Certified Residential Specialist (CRS)
e-PRO Internet Certified (e-PRO)
Graduate Realtor Institute (GRI)
Relocation Specialist
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com  
http://activerain.com/blogs/homesweethomeflorida