The share of total sales made up by short-sales and foreclosures continued to decline in Region 2 (New York, New Jersey, and Pennsylvania) over the three-quarter period ending in September. However, the price discount on both types of distressed properties rose in the 3rd quarter suggesting that the slim reserve of distressed sales are less desirable (e.g. commute, neighborhood, etc.) or are in poorer condition than the majority of properties.

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