As of today, there were 2876 closed units in the past 30 days.
Of those 2286 were REO and 192 were short sales. So 79% of closed sales in the past 30 days were REO and 8% were short sales for a total of 87%.
87% of total sales were distressd properties. That will seem like a big number after I give you the rest of this info.
Our total current inventory is 29697. Of that total, 11943 are REO and 9887 are short sales, which equals about 40% REO and 33% short sales. So almost 80% of our sales are coming from about 40% of our inventory.
What does your market look like?
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