Distressed Home Sales Fall To Lowest Level In 9 Years

A report recently released by ATTOM Data Solutions revealed shows distressed home sales in the U.S. (foreclosures, short sales and bank-owned real estate) accounted for just 12.9 percent of the home and condo sales in the U.S. during the 3rd quarter of this year which is down from 15 percent during the 2nd quarter and down from 15.9 percent a year before.  This is the lowest level for distressed home sales since the 3rd quarter of 2007, according to the report.  Distressed home sales peaked during the first quarter of 2009 when they accounted for 43.9 percent of all home and condo sales in the U.S.

St Louis Distressed Home Sales:

St Louis distressed home sales have followed suit and are on the decline as well.  As the chart below shows, there were 167 distressed home sales last month, down 17 percent from a year ago when there were 207 distressed homes sold during the same period.  However, if look at the past 3 months, there were 561 distressed homes sold in St Louis, down just 6.7 percent from the same period a year ago when there were 601 distressed home sales.

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St Louis Distressed Home Sales  – Past 24 Months

Click On Chart For Live Info
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