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Real Estate In Prince William County, Woodbridge, Manassas, Haymarket, Bristow See Foreclosures Plummet
There are 670 foreclosed properties for sale in Prince William County as of 12:42 today.
That's down by over 50% from summer 2006.
Some "expert" somewhere, in a news report I cannot recall, mentioned that over 7,000 homes were foreclosed in Prince William since 2004.  My experience says that number is right on target.
My contacts in the Real Estate Owned (REO) departments at mortgage banks say that their workload has steadily subsided month by month this year.
Moreover, the total inventory of all homes for sale in the county is down to roughly 4,800, down from over 7,000 in June 2007.
The number of homes "Under Contract", in other words, "SOLD" pending settlement in the county is up from roughly 370 in June 2007 to over 1,680 homes in June 2008.
Anyone who has been waiting for the market to "hit bottom" missed it... it already happended.
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