Meridian short sale stats | 2/10/09

February 11, 2009 by  
Filed under Market Statistics

The Meridian MLS (IMLS) currently has 242 homes listed as possible short sales.  This is up from about 210 on 11/28/08.  The Meridian real estate market has 1153 homes for sale so about 21% are short sales.

LIST PRICE:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$799,000
$95,000
$229,572
$199,950
$55,556,581
242

45 of the Meridian short sales are listed as “contingent” which means an offer has been submitted for lender approval.  This process usually takes about 8 weeks.  Most short sales have the right to continue to market so other offers can be made on these properties.

Data source: IMLS. Information not guaranteed.

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