There’s no way around it as an appraiser…Short Sales are a part of the Philadelphia real estate landscape for the foreseeable future. They influence the values of the homes around them and, in some Philly sub-markets, they dominate the scene. Short sales have become such a prominent part of the Philadelphia market that the TReND Multi-List Service (MLS) began tracking them in late 2009.
As of February 25, 2010, the TReND MLS is reporting the following data about active residential short sales in the Philadelphia Metro area. The figures presented represent only those listings in the MLS where the listing agent has indicated that it is, indeed, a short sale. These numbers do not take into account short sales taking place outside the MLS.
County
Active Short Sales
Sold Since 01/01/2010
Non-Short Sales Since 01/01/2010
Philadelphia
387
218
4845
Montgomery
189
134
2856
Bucks
186
132
2022
Delaware
163
80
1857
Chester
118
81
1804
Berks
94
54
1399