Foreclosure-Related Sales Price Up as Inventory Shrinks: RealtyTrac

Posted by Bonnie Martin Designated Broker on Friday, August 31st, 2012 at 8:58am.


dsnews.com -Prices went up for foreclosure-related sales on a quarterly and yearly basis, with the annual increase marking the first rise in two years, according to RealtyTrac’s Q2 foreclosure sales report.

The average price for foreclosure-related sales stood at $170,040, a 6 percent increase from the previous quarter and a 7 percent hike from the second quarter of 2011. The annual increase is the first since the second quarter of 2010 and the biggest yearly increase since the fourth quarter of 2006.

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