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Palm Beach County Foreclosure Backlog 52,000


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Florida is in dire, dire straits economically.

 

That's about a 4 year supply of units at recent sales rates in PBC. That doesn't even count non foreclsure inventory.

 

There are currently 26,790 houses and condos listed for sale in the county, and 6,636 houses and condos listed for rent. Not including rentals, at current average monthly sales rates this is about a 2 year supply.

 

Average annual U6 unemployment for the state of FL as of the end of the first quarter is 19.2%.

 

If this isn't a depression, what is?

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