LENDERS' PREDICT - SHORT SALES MAY RISE IN 2012

By
Real Estate Agent with KELLER WILLIAMS REALTY - DPR TREC# 0558222

If you are considering a short sale instead of walking away, this may be the most important news you read today.  As of today, at the end of 2011, short sales comprise 30% of the residential real estate market.  The average number of days on the market is less than 30.  Traditional home sales average 90-180 days on market.  Traditional listings are over-priced for the market by at least 10%, most of the time and usually sell at 90% of their list price.

 

 

 

 

 

 

 

 

 

 

 

Comments (3)

Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

There has been much banter about 2012 being the year of the short sale. Just may be the place to be

Dec 27, 2011 12:25 AM
Sergio Rebollo Jr.
Real Estate TeamMates - Miami, FL

Hello Brenda.  Great post!!  If you don't mind I will re-blog.  We are in a similar market here in South Florida and we have already seen a slight rise in Short Sale listings during the last couple of months.  Thanks for sharing.

Dec 27, 2011 12:28 AM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

I am not sure that this is a good sign.  My experience is that the banks are not organized enough to make a decision in a reasonable amount of time.

Dec 27, 2011 12:30 AM