Distressed Listings Remains a Factor in Some Areas

The percentage of Active Listings that are Distressed is rising seasonally. Montgomery County Active Listings typically fall in the Holiday Season, as homeowners do not like to have to show thier homes during the Holiday season. One segment of the market has no choice in this matter,namely, distressed listings. If they are Real Estate Owned (REO) they are usually empty. For owner-occupied short sales, they must get out and so they generally need to show the mortgage holder that they are trying to sell, even during this season. In some markets, distressed listings are a looming factor keeping sales prices down.

 

 

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Barbara Ciment, Realtor