MIBOR reports the number of foreclosures listed for sale has continued to shrink. Â The number available at the end of Q3 was 456; which is down 21% from a year ago. Â As with the rest of the market, new listings are not keeping up with closed sales, resulting in shrinking inventory.
While the rest of the market has been seeing a rise in prices, the average price  of the sold foreclosures was down 10% from a year ago.  Foreclosure listings are largely concentrated under 75k, 
with almost none available above 175k.
Can you still find a good deal in the foreclosure market? Â Yes, but… you may need to do more than carpet and paint, and most definitely you will need to move fast. Â The good ones don’t last long. Â If a foreclosure is what you’re looking for, say the word. Â I can certainly help you get a good one. Â ‘Nuff said.
