Sonoma County REO Property Statistics

on

Bank Owned Properties for Sale on the MLS in Sonoma County continue to rise sharply, more than doubling in quantity from just under 100 properties since November of 2007. Closed sales volume is showing a slight increase, with February already topping prior month activity ... perhaps a sign that buyers are beginning to cautiously enter the market. Banks are negotiating, especially on REO properties that have been on the market a while and buyers are getting some great deals.