My Iron Man Uniform

[AAbsolute]

Home Sales vs. Foreclosures

Thanks for the data. Does this mean that banks are foreclosing faster than homes are selling or did I miss something? Are the foreclosure numbers that were previously posted predominantly homes or do they include condo's and lots? Thanks again for your data.

 

[30ashopper]

Foreclosures are occuring on everything.

You can see an active list on Walton County's site here -

http://clerkofcourts.co.walton.fl.us/default.aspx?id=31

They seem to be average about 4 or 5 a day or so. I wish I had stats on Walton County overall but I don't. There's a good site out there (foreclosures.com) that'll list them for free. Joe was saying he felt there were fewer short sales in the mls, so maybe that's an indication of an improving situation. Hard to say at this point.

"Does this mean that banks are foreclosing faster than homes are selling or did I miss something?"

Inventory is definitely way up, exactly how much I can't say, maybe someone with access to the MLS can pluck out some data and post it for the last 6 months or so. I'd be curious to know if it's rising or falling as well. In the neighborhoods I'm tracking, it's definitely rising but it might not be for the whole county, not sure.