Short Sales Abound

I was doing some market research this evening and I though I would share some findings with you.

Queue chart please...

This shows what percentage of listings in cities in Weber County are short sales.  Since short sales are typically for homes that are behind on mortgages, it gives us a rough barometer of the distress going on in any one market.  I have ranked the cities according to the percentage of short sale listings.  Also, I went back and determined how many short sales have closed in the last year in each city.

Hooper seems to be leading the pack with almost 1 out of 5 listings being distressed.  North Ogden, South Ogden and Farr West seem to be fairing the best right now.

Interesting data.