The latest foreclosure statistics for Washoe County via Ticor Title are out!
While Notices of Default nearly doubled from 83 in June to 164 in July, the Notices of Sales (NOS) decreased again in July and may continue to decrease even more in months ahead. Trustee Deeds decreased as well to follow suit with the Notices of Sale and Notices of Default trends from months prior.
Click here to view the entire data graph, dating back to January 2010.
The new single family residential REO (Bank Owned) listings decreased significantly by 40 listings in July. Inventory in Nevada is down considerably and the real estate community is very concerned about the lack of inventory available in the coming months for the potential buyer. We are seeing more non-conditioned (equity) and short sale properties hit the market which are receiving multiple offers if in the right price range.
Comments(0)