In the first 15 days of May, we’ve had 289 residential properties in SLO County and Santa Maria/Orcutt go Pending Sale. We also had 289 new listings. This puts us on the same pace as last month.
For distressed properties, of the 81 homes sold in the first 15 days in SLO County, 37% were distressed properties (26% were REOs and 11% were short sales). This is lower than last month (36% were REOs in April).
We’ll see how the 2nd half of May plays out….