Thursday, June 14, 2007

4 Months and a 598% Increase in Real Estate Short Sale Listings

Hello Everyone,

It's been very busy to say the least. Here is an update regarding real estate short sale activity in the local mls which serves most of San Bernardino, Riverside and all of the SG Valley.

Current active short sales: 1167

Wow.

On Feb. 14 of this year, there was 195 total active short-sale real listings. Just 4 120 days / 4 months later we have 598% increase in active short sale listings.

Additionally, yesterday Realtytrac and Inman reported that Riverside-San Bernardino was number 3 on the list of total foreclosure filings nationally. So we have more inventory coming.

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