3rd Quarter Home Sales
Realty Trac released the stats for the 3rd quarter home sales. Foreclosures accounted for 20% of the home sales nationwide during the 3rd quarter of 2011. Our local market percentage was higher than that. During the same period we had 1,633 residential sales. 416 of those were foreclosures representing 25.5% of the total sales.
I expect the same or higher figures for the fourth quarter both nationwide and locally.
