Oahu short sale inventory far outweighs REO inventory

Real Estate Agent with Harcourts Island Properties RB-20368

On Oahu, inventory of short sale single family homes is nearly 10 TIMES that over REO inventory and condo short sales are almost 8 TIMES that of REO condo inventory. As of today, there are 18 available single family home REO listings on the market. There are an additional 40 in escrow right now! Meanwhile there are 207 available short sale homes on the market and an additional 97 homes in escrow. For condos, there are 33 available condo REO listings available and 19 units in escrow. Meanwhile, there are 234 available short sale condos with 106 in escrow. What does this mean? Many more REO listings will be coming on market on Oahu as short sales don't go through & you'll see that they sell much faster than short sales. If you're looking for a great buy, it's important to line yourself up with a good buyer's agent!

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