Thursday, February 11, 2010

Foreclosure Surge?
I've been tracking 'distressed' single family home sales verses arms-length (normal??) for about a year now. As you can see in this chart, REO (foreclosures) dominated sales in Broward County in percentage of units sold early last year (the blue line is above the green line). The trend changed in April '09 as arms-length sales represented the majority compared to foreclosures and short sales. January provided an interesting turn with foreclosures again edging above. One month doesn't tell the complete story but this is a statistic to keep an eye on.

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