In my market area, active REO listings increased 8.9% over July.
Pending listings (under contract, no contingencies) decreased 4.2%
Closed listings decreased 28.6%
The real estate market cannot recover until REO inventory shrinks significantly. Instead, it’s still headed up (sigh)!
REO Inventory Climbs in August
In my market area, active REO listings increased 8.9% over July.
Pending listings (under contract, no contingencies) decreased 4.2%
Closed listings decreased 28.6%
The real estate market cannot recover until REO inventory shrinks significantly. Instead, it’s still headed up (sigh)!
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