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2.6M of Shadow Inventory To Be Resolved [INFOGRAPHIC]

4 replies
  1. MichaelIossa
    MichaelIossa says:

    The Morris Somerset County regions of NJ will have a large percentage of foreclosures relative to previous years. Prices may still decline a bit as the distressed properties sell and are used as comps. I’d expect prices to stabilize once the Morris and Somerset NJ areas sell off the existing shadow inventory.

    Reply
    • KCMcrew
      KCMcrew says:

      Shadow inventory is measured in different ways by different organizations. If we look at it based on CoreLogic’s methodology, it represents about half.

      Reply

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