Wednesday, November 3, 2010

Short Sale & Foreclosure for Ventura County - October 2010

Here are the sales for Ventura County October 2010. Based on me taking statistics a bit later than usual and adjusting for recent changes in the underlying data sources I think the Dataquick number will be around 600 for October. This is very low sales levels usually only seen around the winter months. Sellers keep cutting prices looking for buyers but its just a slow time of year (see Mortgage Purchase Applications Index for proof) so things don't look to be getting better anytime soon. Interest rates are set up to reach sub 4% levels and supply is muted and adjusting price slowly to the new reality. Stagnation appears to be the case still for the next few months (and probably beyond).

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