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August Market Stats – SLO County

The good news:
– Inventory in SLO County decreased for the first time in months.
– The percentage of distressed homes decreased in August to 37% from 40% in July.

The not so good news:
– Inventory is still high.
– 37% of homes sold were distressed.
– August was a slow month. The number of homes sold per month continues to decrease.

Some graphs. All SLO County sold homes.

This graph is the total number of homes sold for each category; REO (bank/owned, Short Sale, and None (non-distressed).
aug_all-1

This graph shows the mix of REO, Short Sale, and non-distressed homes sold. You can see that the foreclosure piece has decreased a bit from last month but REOs are at the same percentage.
aug_foreclosure_mix-1

This shows the residential inventory for SLO County with a decrease from Aug 1 to Sept 1.
aug_inventory-1

I included the following graph to show the number of total home sales (distressed and non-distressed).
aug_total_homes-1

Written by Keith Byrd - Go to Keith's Website/Profile