bank owned: Months Supply of Shadow Inventory According to NAR
- 03/06/12 09:53 PM
As you can see, WI isn't the worst by any means, but according to the National Association of Realtor's WI has 11 months of shadow inventory, which means the banks inventory of foreclosed homes that are not currently on the market for sale yet would take 11 months to sell all of those homes when they do put them on the market, and that means that consumers have to compete with their prices when selling their home, and buyers will still have a steady stream of distressed properties to choose from. … (0 comments)
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