Economists' Outlook

Housing stats and analysis from NAR's research experts.

Distressed Sales Declined to 21 Percent in March

The share of distressed properties on the market continued to decline. About 21 percent of REALTORS® reporting on their last sale in March sold distressed properties, compared to approximately 40 percent in March 2011. This is based on data from the March REALTORS® Confidence Index Survey.

Distressed sales are mostly sold for cash. Distressed sales accounted for 35 percent of cash sales compared to 21 percent of mortgage sales.

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