10 States with the Most Foreclosure Sales

Article by: Melissa Dittmann Tracey
REALTOR® Magazine Daily News; June 05, 2012

Foreclosure sales are making up a bigger bulk of sales. In the first quarter of this year, sales of homes in some stage of foreclosure accounted for 26 percent of all residential sales, which is up from 22 percent in the fourth quarter of last year, according to RealtyTrac’s latest foreclosure report.

But in some housing markets, foreclosures are making up an even bigger bulk of sales. For example, in Nevada, foreclosure sales made up 56 percent of all residential sales in the first quarter—the highest percentage in the country when compared to any other state.

According to RealtyTrac’s first quarter report, the following are the 10 states with the highest percentage of foreclosure sales.

Nevada: Foreclosure sales accounted for 56% of all residential sales

California: 47% of all residential sales

Georgia: 46% of all residential sales

Arizona: 40% of all residential sales

Michigan: 39% of all residential sales

Illinois: 31% of all residential sales

Colorado: 30% of all residential sales

Wisconsin: 28% of all residential sales

Oregon: 27% of all residential sales

Minnesota: 27% of all residential sales

Source: Melissa Dittmann Tracey, REALTOR® Magazine Daily News (June 05, 2012) | Blog distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

Author: Kenneth Bargers

REALTOR®, Tennis Player, Titans, Vols & Preds Fan, Nashvillian... let's connect on Instagram, LinkedIn, Pinterest and Twitter. -- contact Kenneth at kb@bargers-solutions.com

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