Turner Realtor Team members Jennifer Turner and Susan Horvat have completed the NAR’s SFR designation. Adding to the alphabet soup of Realtor initials, SFR stands for Short Sales & Foreclosure Resource. The SFR press release cites, “According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures.”
My search in RMLS shows 4419 active real listings in Portland. Of those 623 are listed as short sales and an additional 251 as bank owned. That’s just under 20% of active listings being showing in the system as either short sales or bank owned.