3rd Quarter Home Sales
Posted in Chattanooga MLS Stats by Karen Rhodes on January 26th, 2012 Realty Trac released the stats for the 3rd quarter home sales. Foreclosures accounted for 20% of the home sales nationwide during the 3rd quarter of 2011. Our local market percentage was higher than that. During the same period we had 1,633 residential sales. 416 of those were foreclosures representing 25.5% of the total sales.
I expect the same or higher figures for the fourth quarter both nationwide and locally.
Mr. California License said,
February 3, 2012 @ 11:51 am
What a shame and it’s obviously worse here in California. I don’t think we are anywhere near a drop in foreclosures yet. I keep searching online about real estate around the country just to see if things are actually what “they” say.
Karen Rhodes said,
February 3, 2012 @ 12:15 pm
I agree Mr California. It’s going to get worse before it gets better. The number of public notices for foreclosures are more than I have ever seen. Unfortunately, I think we are looking at another 4-5 years before we see any real improvement in the market.