On distressed: Total "distressed" share is down in all of these markets, mostly because of a sharp decline in short sales.
Short sales are down in all of these areas.
Foreclosures are down in most of these areas too, although foreclosures are up a little in a couple of areas.
The All Cash Share (last two columns) is mostly declining year-over-year.
As investors pull back, the share of all cash buyers will probably continue to decline.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| May-14 | May-13 | May-14 | May-13 | May-14 | May-13 | May-14 | May-13 | |
| Las Vegas | 7.9% | 31.8% | 9.1% | 10.3% | 17.0% | 42.1% | 40.2% | 57.9% |
| Reno** | 11.0% | 27.0% | 6.0% | 7.0% | 17.0% | 34.0% | ||
| Phoenix | 3.9% | 12.3% | 6.7% | 9.7% | 10.7% | 22.0% | 29.5% | 38.9% |
| Sacramento | 7.0% | 22.5% | 8.3% | 7.5% | 15.3% | 30.0% | 20.5% | 33.6% |
| Minneapolis | 3.9% | 6.8% | 12.1% | 19.9% | 16.0% | 26.7% | ||
| Mid-Atlantic | 5.2% | 8.2% | 8.1% | 7.2% | 13.3% | 15.5% | 17.2% | 16.7% |
| California * | 6.0% | 11.3% | 6.9% | 15.0% | 12.9% | 26.3% | ||
| Bay Area CA* | 4.7% | 10.4% | 3.1% | 6.5% | 7.8% | 16.9% | 22.9% | 27.6% |
| So. California* | 6.6% | 15.7% | 5.8% | 10.9% | 12.4% | 26.6% | 25.8% | 32.6% |
| Hampton Roads | 21.3% | 26.3% | ||||||
| Northeast Florida | 36.5% | 37.8% | ||||||
| Toledo | 36.6% | 33.8% | ||||||
| Des Moines | 17.5% | 17.3% | ||||||
| Tucson | 31.3% | 32.8% | ||||||
| Omaha | 19.4% | 14.1% | ||||||
| Georgia*** | 26.0% | NA | ||||||
| Houston | 4.5% | 9.4% | ||||||
| Memphis* | 15.9% | 21.5% | ||||||
| *share of existing home sales, based on property records **Single Family Only ***GAMLS | ||||||||