Meridian Real Estate Market | Aug ’10

Meridian real estate sales in August had a slight increase over July but were down from the previous highs spurred by the tax credit.  Below you can see the monthly real estate sales in Meridian for 2010.

About 52% of the Meridian real estate sales were foreclosure properties (short sale or bank-owned) last month.  The next graph shows the market share of foreclosures in Meridian since Jan ’10.

The following graph is a more detailed look at how these percentages are formed.  As you can see, bank-owned homes account for the majority of the foreclosure sales.  You can also see that the lower market share of foreclosures in April-June was largely due to an increase in non-foreclosure sales.

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