For my friend John who asked me about how many homes in our marketplace are either short sales or foreclosures. Our market is different than what’s happening nationwide, however our news is not all bad. The percentage of distressed sales is still decreasing even here in Broward and Miami-Dade counties..
Nationally, distressed property sales represent 11% of sales
Here in Miami and Broward Counties (this graph represents Single Family Homes only. The figures for condo’s are similar.)