Glen’s May 2009 East Bay Housing Statistics
Looks like more of the same. Inventories dropping, pendings have gone up, months supply is dropping. I think we’re seeing a trend over the last 3 months, REOs are less of a factor in listings, while short sales have increased. More buyers than sellers, and at the highest pending over active ratio since July, 2005.
We’re hearing June/July for more foreclosures to come onto the market. Let’s see how June pans out.
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