From CR: This is just a few markets, but total "distressed" share is down significantly, mostly because of a decline in short sales. Foreclosure are down in most areas too.
The All Cash Share (last two columns) is mostly declining year-over-year. As investors pull back in markets (like Vegas and Phoenix) the share of all cash buyers will probably decline.
Note: Several key areas have not reported for November yet. Existing home sales for November will be released next week on Thursday, and the consensus is for sales to decline to a 5.05 million seasonally adjusted annual rate (SAAR), down from 5.12 SAAR in October.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Nov-13 | Nov-12 | Nov-13 | Nov-12 | Nov-13 | Nov-12 | Nov-13 | Nov-12 | |
| Las Vegas | 21.0% | 41.2% | 7.0% | 10.7% | 28.0% | 51.9% | 43.7% | 52.7% |
| Reno | 17.0% | 41.0% | 6.0% | 9.0% | 23.0% | 50.0% | ||
| Phoenix | 7.8% | 23.2% | 8.0% | 12.9% | 15.8% | 36.1% | 34.0% | 43.2% |
| Minneapolis | 5.0% | 11.1% | 17.0% | 24.5% | 22.0% | 35.6% | ||
| Mid-Atlantic | 7.5% | 11.9% | 8.1% | 8.7% | 15.7% | 20.6% | 19.6% | 20.0% |
| Toledo | 37.2% | 40.9% | ||||||
| Tuscon | 32.6% | 33.8% | ||||||
| Des Moines | 19.9% | 22.1% | ||||||
| Peoria | 21.8% | 21.2% | ||||||
| Omaha | 21.6% | 19.8% | ||||||
| Hampton Roads | 26.9% | 28.3% | ||||||
| Northeast Florida | 36.4% | 41.8% | ||||||
| Spokane | 16.0% | 9.1% | ||||||
| Memphis* | 20.4% | 24.4% | ||||||
| Birmingham AL | 21.0% | 26.5% | ||||||
| Springfield IL | 17.0% | 15.8% | ||||||
| *share of existing home sales, based on property records | ||||||||