Oct 13, 2011
Only 27% of MRIS sales are distressed
13 Oct 2011
Posted by Andrew Kantor
According to MRIS, in September 73 percent of homes sold in the region it covers were non-distressed (doing the quick math, that means 27 percent were either foreclosures or short sales).
That number is — comparatively, at least, very good. Las Vegas, for example, had just about the opposite numbers: only 27.1% of homes sold there were not distressed. Phoenix fared better (35.9% non-distressed), and Minneapolis as well (60.3% non-distressed), but the mid-Atlantic region certainly leads the pack.