Q3 - 2018 Update
Foreclosures inventory for Q3-2018 decreased by 58.4 percent to 109 units, continuing the encouraging trend of rapid yearover-year drops. The market share of foreclosure inventory is 1.3 percent. Single-family foreclosures are down 58.4 percent to 102 units, while townhouse-condo foreclosures are down 58.8 percent to just 7 units. Price ranges from $75,000 to $350,000 had sharp declines as well, while homes in prices ranges above $350,000 have few foreclosure listings. The market share of foreclosure sales is 1.7 percent for the quarter. New listings and closed sales each had large drops, with new listings declining by 49.2 percent and closed sales dropping by 48.1 percent. Meanwhile, traditional properties gained 8.8 percent in new listings and 6.1 percent in closed sales.
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