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June 26th, 2008 3:58 PM by David W. Welch
There are currently 26,853 active listings in the tri-county area. Contracts pending in the same area have risen over the 3,600 mark to 3,613 as of today. Roughly 36% of the contracts are on homes in some stage of foreclosure. Right now there are 4,917 homes active in a foreclosure status. This is the only real negative number I have seen, since the active number of properties in a foreclosure status is rising at about 100 homes per month since I started watching them. As of this afternoon there have been 949 closed sales with a median sales price of $218,500 both numbers are on track to exceed May's numbers. Approximately 21% of the closed sales so far in June are in a foreclosure status. New contracts also appear to be a bit ahead of the pace set in May and April with 1,762 new contracts so far this month.