Last year, last quarter had the second highest sales activity, which was a little unusual. It was in part due to the ‘regular’ spring sellers moving their purchase time forward. Many of those were first time buyers, taking advantage of tax incentives and others in California were for new construction incentives.
The number of REO’s sold (bank owned properties) was fairly consistent quarter to quarter. Short sales were more plentiful than bank owned properties each quarter except for the first one.
Looking at the numbers by quarter shows a typical sales curve. However, inspecting it month to month shows far more peaks and valleys.