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Market Conditions in 06401 : Real Estate Advice

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Mon May 24, 2010
Minna Reid answered:
Until they make the short sale field in the mls a mandatory field, I dont think we'll be able to pull accurate data....though when I pull the stats it says 5.2% of all closed sales this year in all of CT...( well that would exclude fairfield county as they refuse to join the statewide mls)
I personally feel that is too low of a number.
In fact for all closed sales - for the "potential short sale" field 5% marked yes...but 35% marked no. So wheres the other 60%?
I do short sales all over eastern and central ct. From what I see...the need is only growing.
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