Foreclosures Down, Short Sales Up
(Irvine, CA) — Sales of foreclosed homes continue to decline in Nevada. RealtyTrac says foreclosure sales accounted for 31% of all residential deals in the Silver State during the third quarter.
More than 5500 foreclosure sales were made in Nevada between July and September, down 51% from the same period in 2011.
Lenders were more willing to agree to short sales, which were up 46% from second quarter and 172% from last year.
RealtyTrac says nationally, foreclosure sales accounted for one out of five sales in the third quarter.