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Distressed Sales Tumbled in March

Posted on April 10, 2013 by The Tim

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In March 2012 20.1% of the sales of single-family homes in King County were bank-owned, just a few points below the highest level on record. In March 2013 that number was just 7.7%.

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

As predicted, after bumping up in January and February, the sales of bank owned-homes fell in March.

Short sales also decreased in March, falling from 12.2% in February to 9.4% in March. Down from 10.3% in March 2012, and the lowest point since October 2011.

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

Next week we’ll take a look at how the median prices are moving for bank-owned homes, short sales, and non-distressed sales.

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Next Post:
Expensive Eastside Home Sales Spiked in February
Previous Post:
Southwest King County Still Most-Distressed

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