…There were 5,101 condo, townhouse and single
family sales in the first quarter, 29.5% more
than the same period last year. Sales activity
remained above any prior quarter in the past
5 years. The increase in activity is due to a
consistent absorption of distressed sales. The
number of short sales expanded 10% over the
past year and comprised 20.5% of all sales.
REO sales nearly doubled over the same period
representing 44.2% of the first quarter market…