Not a lot of change this week as the market has stabilized a bit. Although home buyers continue to enter the marketpalce, they are doing so at a slow pace most likely due to the upcoming Holidays. Of particular note is the fact that short sale continue to enter the market. It would appear that many homeowners have decided not to wait until after the Holidays to list their homes.

Another interesting note is that we are finding it increasingly difficult to find homes for buyers that are using financing. Prices remain high an appraisal issues are a major concern. For right now, it appears that if financed buyers are not prepared to contribute cash to make up for any appraisal shortfalls, they are going to be limited to submitting offers on short sales and HUD homes.

ACTIVE LISTINGS: 240, stable from 243

SHORT SALES: 51, stable from 49

LENDER OWNED: 29, down from 33 Foreclosures are getting very hard to come by and, with the annual Holiday moratorium most likley being imposed by most lenders beginning on 19DEC, I would expect this number to continue to decline.

HUD Homes: 7, stable from 6

AWC (Short sales with offers): 203, stable from 205

PENDING: 242, up from 233 Pending sales returned to previous levels after a one week drop. Obviously buying acticvity is still strong.

CLOSED: 26, down from 44

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