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Distressed Sales Finally Saw a Winter Spike in January

Posted on February 7, 2013March 6, 2013 by The Tim

Let’s take another look at what share of the monthly sales are being taken up by bank-owned and short sales. In January 2012 22.3% of the sale of single-family homes in King County were bank-owned. In January 2013 that number was just 9.3%.

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

Although the number is much lower than it was a year ago, it did increase over three percentage points from December—the first significant gain over a year.

Short sales also increased somewhat, rising from 12.6% in December to 14.3% in January (up from 13.2% in January 2012).

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

On Friday we’ll take a look at how the median prices are moving for bank-owned homes, short sales, and non-distressed sales. Spoiler alert: they’re all basically flat.

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