Wondering what market conditions are like in Cobb county Georgia? Let's look at the numbers ending 10/31/2010:
The stats are saying that pre-foreclosures are up slightly in October, actual foreclosures are down (remember that banks are holding back on foreclosures), market sales are down significantly as are bank sales, and that new listings are holding steady.
The lower counts for foreclosures and bank sales are consistent with the banks reviewing their foreclosure practices. Also, remember that year end is coming up and that if banks foreclose now the asset value of that property goes to zero until it sells (that does not look too good on the profit sheets).
Also, the closer we get to Christmas the more people's thoughts turn towards the holidays and family and less toward buying homes and moving.
(I got the numbers from a paid service: RealValuator.com)
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