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Market News and Trends

A little more on foreclosure sales


This article from NAR summarizes RealtyTrac’s Q3 2012 U.S. Foreclosure and Short Sales Report:

Foreclosure Sales Increase 21 Percent in Third Quarter

I won’t try to summarize that summary — it’s a short article and worth a read if the topic interests you.

I will, however, offer this quick comparison between Austin’s recent foreclosure sales experience and the national average:

Foreclose Sales 3Q12

In an earlier post about the Foreclosure Monthly Trends Newsletter, I provided similar comparisons, and commented that foreclosures represent just 3.4% of Austin-area listing inventory at this time — very different from the situation in many cities, even as their situations improve.

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including 18 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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