Northwest MS Foreclosure Activity Report - Spring 2010
Each week, I keep up with how many new foreclosures go up for sale and how many went under contract in my market area of Northwest MS. The above chart shows the recent activity from September of last year to the present. For the past several weeks, there have been more homes go under contract than ones being placed up for sale, reducing the inventory of foreclosures on the market.
Foreclosures in Northwest MS have been out-pacing non-distress sales for quite some time.
Once again, Olive Branch MS has the highest number of foreclosures; however, this Northwest MS town also is one of the most populated cities in our area so this is expected.
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About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2010 by Pam Simpson. All rights reserved.
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