Significant Drop in RMLS Data for 2013 Distressed Sales As A Total of All Sales

Hot off the RMLS Blog is a report showing some of the statistics for distressed properties in the RMLS market for 2013 compared to the same data from 2012 and the one that caught my attention right off the bat was the percent of total sales.

In 2012 for “All [RMLS] Areas” distressed properties accounted for 28.6% of the market, in 2013 that number was almost half of that (thanks Clark county for the “almost”) at 15.1%.

For the Portland Metro market we hit BELOW half, 2012 was 28.2%, 2013 was 13.2%.

Not bad and new distressed property listings are also dropping off as well.

Scott McDonald, Realtor & Principal Broker

Everything. Portland. Real Estate. Blog.

 

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