Disclosure – these numbers may be a bit dry and boring, but I think they are good to be aware of. I’m not this boring in real life 
It was interesting examining the numbers this time. The equity sellers that may have been waiting for the market to improve, may have decided to move anyway accepting that we won’t see price increases for a while.
In the 90 period from March 1st to May 31st, we’ve seen equity sellers in each price category. Short sales still make up a big portion of the under $500,000 market, and bank owned properties continue to be infrequent.
Equally interested in the fact that there are currently 10 active equity sellers on the market, and 10 short sales. One does need to be somewhat careful about viewing the active inventory as ‘equity’. The reality is that some are overpriced sellers, that may have to lower their price into short sale territory – but I still think it’s interesting to see more traditional sales hit the market. I really do think that some of that is evidence that sellers are accepting the current market conditions. It clearly won’t be a ‘V’ shaped recovering, but rather a long period of flat, or no growth.
Some recent posts from my Orange County blog, OC Estate Voice that might be of interest if you evaluating market conditions or are struggling with a distress situation are:
Is There Such a Thing as a ‘Short’ Short Sale? Yes, If You Have the Right Lender
When is the Market Going to Go Back Up?
Strategic Foreclosures in Orange County
