Look at the two columns in the table for Total "Distressed" Share. In almost every area that has reported distressed sales so far, the share of distressed sales is down year-over-year - and down significantly in many areas.
Also there has been a decline in foreclosure sales in all of these cities. Also there has been a shift from foreclosures to short sales. In all of these areas - except Minneapolis, and the California Bay Area - short sales now out number foreclosures.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| May-13 | May-12 | May-13 | May-12 | May-13 | May-12 | Apr-13 | Apr-12 | |
| Las Vegas | 31.8% | 32.6% | 10.3% | 34.7% | 42.1% | 67.3% | 57.9% | 54.4% |
| Reno | 27.0% | 39.0% | 7.0% | 22.0% | 34.0% | 61.0% | ||
| Phoenix | 12.3% | 26.6% | 9.7% | 16.9% | 22.0% | 43.4% | 38.9% | 46.3% |
| Sacramento | 22.5% | 30.1% | 7.5% | 28.1% | 30.0% | 58.2% | 33.6% | 31.5% |
| Minneapolis | 6.8% | 10.6% | 20.1% | 28.8% | 26.9% | 39.4% | 18.7% | 20.1% |
| Mid-Atlantic (MRIS) | 8.2% | 11.8% | 7.2% | 10.2% | 15.5% | 22.1% | 16.7% | 17.2% |
| Orlando | 21.7% | 27.6% | 18.9% | 25.0% | 40.6% | 52.6% | 53.5% | 51.6% |
| California (DQ)* | 17.7% | 23.7% | 11.4% | 28.5% | 29.1% | 52.2% | ||
| Bay Area CA (DQ)* | 7.3% | 21.4% | 13.9% | 21.2% | 21.2% | 42.6% | 27.6% | 28.3% |
| So. California (DQ)* | 17.7% | 24.3% | 10.8% | 26.9% | 28.5% | 51.2% | 31.9% | 32.1% |
| Hampton Roads | 26.3% | 26.3% | ||||||
| Northeast Florida | 36.6% | 42.9% | ||||||
| Chicago | 33.0% | 36.0% | ||||||
| Houston | 9.4% | 17.8% | ||||||
| Memphis* | 21.5% | 30.5% | ||||||
| Birmingham AL | 21.0% | 27.3% | ||||||
| *share of existing home sales, based on property records | ||||||||
No comments:
Post a Comment