Residential Home Sales Market Statistics: A Comparison of Normal Sales versus Short Sales and Foreclosures in September 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	Sep-09
Start Date	9/1/2009
End Date	9/30/2009


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	1,254	8.29%	10.45%	6.24
Smyrna	348	12.07%	32.65%	7.10
La Vergne	280	23.21%	50.00%	5.60
Brentwood	615	4.39%	3.57%	10.98
Franklin	1,058	3.31%	5.62%	11.89

Totals & Averages	3,555	7.68%	15.51%	7.99


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.