June’s Initial Numbers
Closed: 9,243 about the same as May 09, +61% June 08. YTD 44,946
Average Sales Price: $171,000 up from $163,500 in 5/09
Median Sales Price: $125,000 up from $119,900 in 5/09
Yikes the ship is turning.
REO’s Closed: 5,247 or 57% of closed. Pendings are currently 6,068 or 48% of the 12,691 total pendings.
Short Sales: Creeping up with 7,281 Active (23%), +4,500 AWC’s, 2,912 Pending (23%), and 1,325 Closed (14%).
Vacant is still an amazing statistic:
53% of all Actives are Vacant (16,969/31908)
77% of all Pendings are Vacant (9,785/12,691)
82% of all Closed are Vacant (7,544/9243)
Cromford has some new charts that show % of REO’s and Short Sales as Actives, Pendings and Solds. Very distinct trends.
