October 28th, 2011 Categories: Foreclosures
This is the last part of three posts looking at short sales in Montgomery County. After summarizing available short sales, short sales that close, let’s take a look at the number of short sales currently under contract.
Just about half of all homes currently under contract is a short sale. I suppose that if a short sale takes three to four times longer to close, and 13% of homes sold are short sales, then about half of all contracts would be short sales at any given time. Does that math work? As with all things related to short sales, the math takes a lot longer to work out.
Your thoughts and comments on short sales, and the real estate market in general, are always welcome.