Bend REO Inventory Remains Low

[Robert Page]

Inventory levels remained flat since July’s numbers. REO remains much lower than levels last year (approx. 60% lower) and short sale inventory is much lower as well. These conditions have resulted in a significant reduction in selection for the buying public as a vast majority of “non-distressed” properties remain listed anywhere from 10 to 50% or more above what the buyer has become accustomed to.

As witnessed by the historical price charts for Bend we saw an increase in sale price 2nd qtr over 1st qtr 2011. The current inventory situation could certainly bring about another increase. It's an unpredicatble world we live in so stay tuned as time will only tell!


For more detailed information and to see trends:

http://www.centralorproperty.com/Central,ORTrends.html

For more commentary and past posts on the subject see my commentary page: http://www.centralorproperty.com/MarketCommentary.html

Robert Page
HUD Registered Broker/Foreclosure Certification
http://www.centralorproperty.com Local stats and news
http://www.bendhomesdirect.com Direct access to MLS
http://www.centralorhomesales.com Market Snapshot Create as many as you Like

[Robert Page]

Hi Tara,

Looks like I forgot to visit this site since my last post. I'll remember to check back more often. We'll have to see if we can work out some referrals. Plenty of folks going back and forth across the "hill"!

[C J Johnson, Broker/SFR/CRS/ABR]

Interesting.  In Central California we have a HUGE shadow inventory.  What is posted on NOD and TS vs what has been released to MLS is about 1 in 10.  Now the Fed is suing the Lenders they bailed out to the tune of $750 Billion so who knows when they might start releasing that inventory to us again.

[Tara Nagelhout]

Hi neighbor!