RealtyStore Finds Listings of Homes For Sale By Owner (FSBO) Outpacing Foreclosures, A study conducted by RealtyStore found the number of homes listed For Sale By Owner (FSBO) grew substantially faster than REO foreclosure listings between January 2014 and June 2014.
A resource dedicated to providing the widest variety of real estate listings nationwide, performed a comparative study on listing growth for the first half of 2014. The study analyzed consumer real estate listings nationwide of For Sale By Owner (FSBO) home listings and REO foreclosure listings. For the time period between January 1, 2014 and June 1, 2014, results show the amount of For Sale By Owner (FSBO) listings increased over 18% and REO foreclosures were up 6%.
Listing counts can be significantly influenced by seasonality and are generally expected to increase in step with the seasonal shift from Winter to Summer. While the overall inventory of homes listed for sale is still considered tight, the growth in both FSBO and REO foreclosure listings points to increased availability of non-traditional home sale types.
RealtyStore’s listing database breaks down with roughly 29% of all listings nationwide currently classified as non-traditional, that is, they are not standard resale (MLS) listings. These non-traditional listings include FSBO, REO, auctions, owner financed, and government owned property. This suggests housing inventory growth may be spurred through a variety of sales types.