Per the Commonwealth, a publication put out by the Virginia Association of REALTORS, distressed sales this year are down considerably, compared to last spring. Short sales remained about the same (about 13% of all sales), but foreclosures dropped by almost half, compared to the same time last year.
In March of 2011, distressed sales made up almost 40% of sales, but in March of this year that number was only 28%. Coupled with low interest rates, this too is a sign of improving market conditions.
Mike Winslow – DAAR Top Producer
The Winslow Group
a subsidiary of Premier Realty Group
C: 703.930.7052
E: mike@winslowgroup.com
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