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Local Market News: Third Quarter Foreclosure Report Released

Monday, October 29, 2012   /   by Carlos J Higareda

Local Market News: Third Quarter Foreclosure Report Released

The 3rd Quarter 2012 Foreclosure Report issued by MIBOR reveals that foreclosed
homes made up 7.0 percent of all active inventory in the third quarter. However,
15.5 percent of all new listings were in foreclosure, a slight increase from the
2nd quarter. The market share of closed foreclosure sales – 20.8 percent – is
down from 25.1 percent present this time last year, but up from the 19.6 percent
market share last quarter. According to the report, prices are consistent with
3rd quarter 2011 and 2010. The percentage of original list price – 85.2% – rose
from 81.6 percent in the second quarter of 2011, but still fell short of 2010's
88.3 percent.

 

SOURCE: WWW.MIBOR.COM

eXp Realty
Carlos Higareda
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Indianapolis, IN 46203
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