The latest Realtors® Confidence Index survey indicates that distressed sales as a percentage of the market are down.
- Measured at the MLS sales level, distressed sales have hovered in the 30 to 35 percent range for a number of years, with heavy sales concentrations in a few states.
- Distressed sales are currently 28 percent of total sales.
- 42 percent of distressed sales were for cash over the past year.
Currently Realtors® in a number of markets are reporting shortages of inventories of distressed real estate: the markets are reported to be clearing distressed properties from the market at a rapid rate. Additional information on a variety of topics related to current residential market conditions may be found here.
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