Short sales make up 20% of the current market inventory in Plainville, CT. There are currently 126 homes on market in Plainville, CT with 25 of those homes listed as short sales.
However, short sales make up just 10% of Plainville’s sold inventory for the past 12 months. 171 homes have sold in Plainville in the past 12 months with 16 of those homes being short sales.
The preceding 12 month period shows a short sale ratio of just 6%, with 166 closed sales in Plainville and 10 of those as short sales.
We can safely conclude that short sales in Plainville, CT are very steadily increasing. As we are likely several years away from any significant recovery, we can expect this trend to continue.
What would all that mean to a homeowner considering a short sale in Plainville? It would mean you are definitely not alone as 1 in every 5 sellers in town is also attempting to short sell. Short sales are complicated transactions and require an agent with experience in the process. Increase your chances of a successful short sale by finding a qualified short sale professional.