Here are some great graphs that show the percentage of Bank Owned (REO) property sales vs. traditional home sales in the recent months, courtesy of Bob Yarrow.

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Of the monthly sales reported in Maricopa County, what percentage can be attributed to REO properties? The two graphs below are based upon ARMLS sales data for March 2009.

Of the single family detached resale home sales reported through ARMLS for the month of March 2009, 68% of the listings were noted as "Lender Owned," the same as last month.



The graph below shows the percentage of REO sales over the past two years. In September 2007, that number was less than 10% of total sales, and you can see the steady climb of REO sales from that point. January saw the biggest jump in the REO sales percentage as it rose from 56% in December to 68% in January. The March percentage remained the same as January and February.




Yours to Count On,
Erika Madsen
Real Estate Consultant
Re/Max Power Realty
"Your Advisory Team" Founder/Manager
480-695-6572

p.s. if you or anyone you know is considering a move in the current real estate market- you deserve an agent who has a strong knowledge to help you succeed! Visit http://www.PhoenixAreaMls.com/ to learn more about Your Advisory Team & Our Performance GUARANTEES!!