MAAR’s Foreclosure and Short Sale Report (FSS for short) has been updated for November 2009. Since October we are now publishing this report MONTHLY and have broken out foreclosures, short sales and traditional sales separately.
There is a TON of information in here to see but some of the big items of note:
- Foreclosure/REO new listings are down 42.4% from November 2008.
- Foreclosure/REO inventory is down 63.4% from November 2008 – now at less than 2 months’ supply.
- Foreclosure/REO median sales prices ROSE 2% year of year – the first year over year increase!
- Traditional Seller median sales prices FELL 15.6% from November 2008 to November 2009.
- Short Sale median sales prices FELL 15.6% from November 2008 to November 2009 as well.
There’s lots more to cover than I have time for right now but the reporting has become so detailed and clear that almost anyone can spot the dozen or so other notable items.
