Economist Tom Lawler compiled a table of short sales, foreclosures, and all cash sales in March for a few select cities. In each of the markets, the total share of distressed sales decreased year-over-year, including an 11 percentage point drop in Northeast Florida, from 30.9% in 2015 to 19.9% in 2016.
The table, shared by the Calculated Risk blog’s Bill McBride, also shows drops in short sales and foreclosures across the board. Las Vegas saw its share of short sales fall 2.4 percentage points year-over-year, from 8.3% in 2015 to 5.9% in 2016.
The all-cash share is mostly declining year-over-year. As investors pull back, the share of all cash buyers will probably continue to decline.
To view the full table, click below.