Foreclosures Represent Almost 1/4 of Real Estate Sales
A look at year-end foreclosure data reveals a total increase for 2011 of 21.2 percent although the fourth quarter experienced a significant decline of 43.2 percent. Foreclosure inventory levels are roughly back to 2004 levels. Foreclosures captured a 22.5 percent market share in the fourth quarter and comprised 18.1 percent of all listings. Median sales price of foreclosures rose 2.3 percent compared to an almost flat performance by traditional sales. Most prominent in the $75,000 and below range, foreclosures made up 18.2 percent of all actives in that price point.