Surprisingly, the number of successful short sales decreased year over year.
As we continue to slog our way through this economic downturn the assumption has been that the short sale process would continue to improve, logically producing a higher number of successfully closed short sales. However, this year through November, there have been 5,900 closed short sales, down 7% from 2010. The overall market is down by 4%.
For more in depth analysis of the current Orange County housing market please continue on to the full Orange County Housing Report…
Photo Credit: woodleywonderworks
Comments on this entry are closed.