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Bank-Owned Sales Still Slim

Posted on December 10, 2012 by The Tim

Even as we get into the season when non-distressed sales tend to fall off and distressed sales typically make up a larger percentage of sales, the share of monthly closed sales that were bank-owned homes held flat again, coming in at 6.6 percent in November.

Bank-Owned: Share of Total Sales - King County Single-Family

I had been expecting this to increase in November, but it dipped slightly from October. I still expect it to increase a bit in December and January.

Short sales bumped along as well, nearly unchanged from October at 12%:

Short Sales: Share of Total Sales - King County Single-Family

At 18.7%, the total share of sales that were either short sale or bank-owned hit another two-year low. It’s no surprise then that the median price continues to go up.

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Bank-Owned Sales Bounce Along Near Low
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Bank-Owned Sales Skip Usual Winter Boost

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