From CR: This is just a few markets - more to come over the next week - but total "distressed" share is down significantly, mostly because of a decline in short sales.
And foreclosures are down in all of these areas too.
The All Cash Share (last two columns) is mostly declining year-over-year. As investors pull back in markets the share of all cash buyers will probably decline.
In general it appears the housing market is slowly moving back to normal.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Dec-13 | Dec-12 | Dec-13 | Dec-12 | Dec-13 | Dec-12 | Dec-13 | Dec-12 | |
| Las Vegas | 20.7% | 45.8% | 8.5% | 9.5% | 29.2% | 55.3% | 44.4% | 55.2% |
| Reno | 24.0% | 47.0% | 4.0% | 10.0% | 28.0% | 57.0% | ||
| Phoenix | 9.5% | 27.2% | 7.5% | 12.2% | 17.1% | 39.4% | ||
| Mid-Atlantic | 8.0% | 13.0% | 9.3% | 9.7% | 17.3% | 22.7% | 19.3% | 20.3% |
| Toledo | 36.5% | 41.6% | ||||||
| Tucson | 32.3% | 33.1% | ||||||
| Omaha | 23.9% | 20.6% | ||||||
| Memphis* | 21.0% | 25.6% | ||||||
| *share of existing home sales, based on property records | ||||||||