Residential Home Sales Market Statistics: A Comparison of Normal Sales versus Short Sales and Foreclosures in August 2009

Middle Tennessee Residential Property Foreclosure Activity Report

Residential Real Estate Market Sales Activity – Foreclosures, Pre-foreclosures and Short Sales Compared to Regular Listings


Counties & Cities/Towns Covered:
Rutherford County Tennessee: Murfreesboro TN, Smyrna TN and La Vergne TN (LaVergne TN)
Williamson County Tennessee: Brentwood TN and Franklin TN


Month & Year	August 2009
Start Date	8/1/2009
End Date	8/31/2009


City/Town	Active Listings – Total	Active Listings – % Foreclosures & Short Sales	Pending Sales – % Foreclosures & Short Sales	Months of Residential Inventory Based on Pending Sales Rate
Murfreesboro	1,322	8.25%	13.22%	5.46
Smyrna	389	13.11%	18.33%	6.48
La Vergne	291	20.27%	47.54%	4.77
Brentwood	645	3.41%	5.56%	11.94
Franklin	1,127	2.75%	3.03%	11.38

Totals & Averages	3,774	7.21%	15.12%	7.31


Notes:
As you can see from the chart above the percentage of Pending Sales that are distress sales (Foreclosures and Short Sales) is greater than their representation as a percentage of Active Listings. This means that these distressed listings are Pending (i.e. selling) at a faster rate then regular listings.