by Calculated Risk on 5/16/2013 05:55:00 PM

Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for several selected cities in April. 

Look at the two columns in the table for Total "Distressed" Share. In every area that has reported distressed sales so far, the share of distressed sales is down year-over-year - and down significantly in many areas. 

Also there has been a decline in foreclosure sales in all of these cities.  Also there has been a shift from foreclosures to short sales. In all of these areas - except Minneapolis- short sales now out number foreclosures.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share		All Cash Share
	13-Apr	12-Apr	13-Apr	12-Apr	13-Apr	12-Apr	13-Apr	12-Apr
Las Vegas	32.5%	29.9%	10.0%	36.9%	42.5%	66.8%	59.3%	54.9%
Reno	33.0%	32.0%	8.0%	26.0%	41.0%	58.0%
Phoenix	12.7%	25.2%	11.3%	18.8%	24.1%	44.0%	42.0%	47.6%
Sacramento	23.1%	30.4%	8.8%	30.3%	31.9%	60.7%	37.2%	32.0%
Minneapolis	7.4%	10.7%	24.2%	32.0%	31.6%	42.7%
Mid-Atlantic	9.9%	12.2%	8.6%	11.0%	18.5%	23.2%	19.4%	19.4%
So. California	17.7%	24.3%	12.4%	28.8%	30.1%	53.1%	33.5%	32.2%
Bay Area CA	15.0%	22.1%	8.5%	21.9%	23.5%	44.0%	27.8%	28.3%
Orlando	21.2%	29.3%	20.6%	25.3%	41.8%	54.6%	54.5%	53.8%
Hampton Roads					27.8%	31.0%
Memphis*			24.8%	34.9%
Birmingham AL			24.1%	35.1%
*share of existing home sales, based on property records