Berlin CT Short Sale Report - 2012
There are currently 137 homes on market in Berlin, CT with 9 of those homes listed as short sales – making short sales 7% of the current market inventory in Berlin, CT.
Of the 204 homes that have sold in Berlin in the past 12 months just 2 were short sales - making up just 1% of Berlin's sold inventory.
Interestingly, while Berlin seems to have a very small incidence of short sales overall, short sales in Berlin actually sell faster than “regular sales”. The marketing time on short sales is just 2/3 of the marketing time of other homes. The most logical conclusion would be that Berlin short sellers are highly motivated to sell and their homes are priced accordingly.