Jun
01

16% of 1Q Home Sales in SC Were Foreclosures

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Homes in some stage of foreclosure represented 26% of all national residential sales during the first quarter of 2012. In South Carolina, foreclosure properties made up a smaller percentage of sales at 16%, according to figures released by RealtyTrac.

A total of 233,299 residential properties in some stage of pre-foreclosure or bank-owned status were purchased nationwide during the first quarter. This represents an increase of 8% over the fourth quarter of 2011 but nearly unchanged from one year ago.

The national average sales price of a home in foreclosure was $161,214, down 2% from 2011.

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