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    Residential Distressed Properties for First Quarter (January-March) 2016

    AllAreasQ1DistressedSM-237x300

    This chart shows the number of bank owned/REO properties and short sales in all areas of the RMLS™ system during the first quarter of 2016.

    Portland metro when comparing percentage share of the market, first quarter 2016 to fourth quarter 2015:
    • When comparing first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of new listings decreased by 3.2% (6.0 v. 9.2%).
    • In a comparison of first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of closed sales increased by 1.9% (9.6 v. 7.7%).
    • Short sales comprised 1.4% of new listings and 2.2% of sales in the first quarter of 2016, down 0.7% and up 0.4% from the fourth quarter of 2015, respectively.
    • Bank owned/REO properties comprised 4.6% of new listings and 7.4% of sales in the first quarter of 2016, down 2.5% and up 1.5% from the fourth quarter of 2015, respectively.

    Below is the link to additional charts:
    Portland Metro Area Distressed Properties (1st Quarter 2016)

     

    Source: http://rmlscentral.com/2016/04/20/residential-distressed-properties-for-first-quarter-january-march-2016/

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