{"id":351,"date":"2009-07-31T10:34:48","date_gmt":"2009-07-31T17:34:48","guid":{"rendered":"http:\/\/rmlsweb.wordpress.com\/?p=351"},"modified":"2009-07-31T10:34:48","modified_gmt":"2009-07-31T17:34:48","slug":"do-foreclosures-dominate-rmls-market-areas","status":"publish","type":"post","link":"https:\/\/rmlscentral.com\/v1\/2009\/07\/31\/do-foreclosures-dominate-rmls-market-areas\/","title":{"rendered":"Do Foreclosures Dominate RMLS\u2122 Market Areas?"},"content":{"rendered":"
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With all the stories in the media, it seems like everyone is facing foreclosure these days. (Even Michael Jackson\u2019s doctor<\/a>.) So I thought it would be interesting to look at the foreclosure market in our service area to find out what’s really going on.<\/p>\n

We currently have 30,276 active residential\u00a0listings in RMLSweb<\/em>\u2013this includes Oregon and Washington. Of those, 1,172 are marked as Bank Owned. That\u2019s approximately 3.9%.<\/p>\n

Out of curiosity, I took my research a little further to find out how well Bank Owned properties\u00a0are selling versus the entire inventory in our markets. So far in July 2009, 2,707 properties in our entire database sold. According to my research, 430 of them were marked Bank Owned.<\/p>\n

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If we didn\u2019t add any more listings of any kind to RMLSweb <\/em>and the active\u00a0residential\u00a0properties kept selling at the same rate they did in July it would take 11.2 months to sell our entire inventory and only 2.7 months to exhaust the\u00a0inventory of\u00a0Bank Owned Properties.<\/p>\n

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Granted, it\u2019s only the morning of the last day of July so it\u2019s likely that we\u2019ll see the numbers of sales go up over the next few days, but this should give you a snapshot of what\u2019s going on with Bank Owned properties.<\/p>\n","protected":false},"excerpt":{"rendered":"

With all the stories in the media, it seems like everyone is facing foreclosure these days. (Even Michael Jackson\u2019s doctor.) So I thought it would be interesting to look at the foreclosure market in our service area to find out what’s really going on. We currently have 30,276 active residential\u00a0listings in RMLSweb\u2013this includes Oregon and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[19,21,33],"tags":[69,121,464,237,472],"series":[],"episode_featured_image":false,"episode_player_image":"https:\/\/rmlscentral.com\/v1\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":false,"player_link":false,"audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","icon":"apple-podcasts.png"},"google_play":{"key":"google_play","url":"https:\/\/play.google.com\/music\/m\/Iinki5xppiud4zt7r4evlggzzcy?t=Real_Talk_with_RMLS","label":"Google Play","icon":"google-play.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","icon":"google-podcasts.png"}},"rssFeedUrl":"https:\/\/rmlscentral.com\/v1\/feed\/podcast","embedCode":"

Do Foreclosures Dominate RMLS\u2122 Market Areas?<\/a><\/blockquote>\n