"1. 18% of PDX listings foreclosure, short sale: I had someone run the numbers yesterday and they're not pretty. The Portland region in RMLS has 14,328 active listings. Of those, 641 are forecloses that have been taken back by the bank. Another 2,297 are listed as requiring a third party approval. Most of those are short sales. But being conservative, say 2,000 of those are short sales. That leaves 2,641 foreclosures or short sales on the market, or nearly one of every five listings"
I'd love to track this statistic as I belive it's a real window into the health of our market. I know California is in worse shape, but I'd like to know if we're seeing more or fewer foreclosures and short sales these days.
Any disgruntled real estate agents want to share their RMLS data for a little fun with numbers? I don't expect to see this from the RMLS anytime soon.
EDIT - I didn't need to get the raw data, Ron Ares ran the same basic report I was thinking of. You can find it on his site here.
