NAR: Distressed Property 32% of Total Existing Home Sales

The December 2011 Realtors Confidence Index survey reports that the overall percentage market share of distressed property continues to be in the low 30’s. There is general agreement that foreclosures and short sales had a major, negative impact on home prices. The good news is that the problem appears to have leveled off. The residential markets appear to be absorbing distressed inventory on an orderly basis—which should remove some of the previous price pressures.

Distressed Property Existing Home Sales 2012