Thursday, May 17, 2012

Short Sale homes continue to languish in Wesley Chapel

We continue to see a large percentage of Short Sale/Pre-foreclosure single family homes under contract while the percentage of those that actually close on a monthly basis is much smaller. The chart below shows actual home sales for April by categories and compares them to homes under contract:

Additionally, the average days to closed for Wesley Chapel single family homes that sold in April was 133 days for "normal" sales and 278 days for Short Sales.  Remember, Short Sale does NOT mean quick sale!

Currently Short Sale/Pre-foreclosure listings of single family homes for sale in Wesley Chapel make up  26% of the homes on the market.

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