Distressed Inventory Report 4-17-10
Last week there was a spike in distressed inventories but this week it looks like they have pulled back a little. There were a couple of more short sales in West Bellevue but overall things look even or trending down. What is interesting this week was the NTS/Foreclosure ratio. This week all ratios took a bigger drop down to one. This is usually a sign of “topping” which is interesting after last week’s spike. Usually a spike like the one seen last week will have a trend up for two or three more weeks but it is strange to have such a blip up with no follow through momentum. In addition it looks like there has been a reduction of some of the short sale inventory with the drop in the NTS/Foreclosure ratio. Let’s see what the next couple of weeks have in store.
Here is the spreadsheet: Bellevue Foreclosure Report 4-17-10