Available homes for sale: 19,469 versus 39,416 in October, 2010, a decline of just less than 50%

–          Equity sales (traditional sales or fix and flips) – 68%
–          Short sales– 18%
–          Bank owned or REO – 13%
–          HUD – 1%

Active with contingency or pending homes: 18,497

–          Equity sales (traditional sales or fix and flips) – 18%
–          Short sales – 61%
–          Bank owned or REO – 16%
–          HUD – 5%

Closed sales between 9/1-9/30 of 2011: 7,984 versus 6,701 in 9/1-9/30 of 2010, an increase of 19% year over year

–          Equity sales (traditional sales or fix and flips) – 35.5%
–          Short sales – 27%
–          **Bank owned or REO – 32.5% (declining)
–          HUD – 5%

** Bank owned or REO closed sales over the last 30 days were 2,959 and there are 2,661 bank owned or REO homes available for sale.  There is a negative bank owned or REO inventory – more homes being sold per month than there are coming in.  Unless the bank owned or REO supply increases, the number of “REO available homes for sale” will continue to decline and their prices will continue to rise.
*** (Special note) Cash sales represented 44% of all sales during 9/1-9/30 of 2011.

Closed sales year to date, 1/1-9/30 of 2011: 78,544 an increase of 14.5% year over year

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