US DATA: Q2 Realty Trac Foreclosure Sales Report by state says
“sales of homes that were in some stage of foreclosure or bank owned
accounted for 31 percent of all U.S. residential sales in the second
quarter of 2011, down from nearly 36 percent of all sales in the first
quarter but up from 24 percent of all sales in the second quarter of
2010. Despite the increase in share of total sales from a year ago,
sales of real estate in some stage of foreclosure (NOD, LIS, NTS, NFS)
or bank-owned (REO) decreased from a year ago in terms of raw numbers.
Third parties purchased a total of 265,087 homes in foreclosure or bank
owned nationwide in the second quarter, up 6 percent from a revised
first quarter total but still down 11 percent from the second quarter of
2010. The average sales price of homes in foreclosure or bank owned was
$164,217 in the second quarter, down less than 1 percent from the first
quarter and down nearly 5 percent from the second quarter of 2010. The
average sales price for homes in foreclosure or bank owned was 32
percent below the average sales price of homes not in foreclosure.”