Monday, October 5, 2009

Residential Home Sales Market Statistics: A Comparison of Normal Sales versus Short Sales and Foreclosures in September 2009

Middle Tennessee Residential Property Foreclosure Activity Report
Residential Real Estate Market Sales Activity - Foreclosures, Pre-foreclosures and Short Sales Compared to Regular Listings
Counties & Cities/Towns Covered:
Rutherford County Tennessee: Murfreesboro TN, Smyrna TN and La Vergne TN (LaVergne TN)
Williamson County Tennessee: Brentwood TN and Franklin TN
Month & Year
Sep-09
Start Date
9/1/2009
End Date
9/30/2009
City/Town
Active Listings - Total
Active Listings - % Foreclosures & Short Sales
Pending Sales - % Foreclosures & Short Sales
Months of Residential Inventory Based on Pending Sales Rate
Murfreesboro
1,254
8.29%
10.45%
6.24
Smyrna
348
12.07%
32.65%
7.10
La Vergne
280
23.21%
50.00%
5.60
Brentwood
615
4.39%
3.57%
10.98
Franklin
1,058
3.31%
5.62%
11.89





Totals & Averages
3,555
7.68%
15.51%
7.99
Notes:
As you can see from the chart above the percentage of Pending Sales that are distress sales (Foreclosures and Short Sales) is greater than their representation as a percentage of Active Listings.  This means that these distressed listings are Pending (i.e. selling) at a faster rate then regular listings.

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