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Posted: 10:58 a.m. Thursday, Feb. 28, 2013
Throughout 2012, homes sold while in some stage of foreclosure amounted to about 20 percent of all residential sales in the Dayton metro, according to a new report released today from RealtyTrac Inc.
In other words, about 1 in 5 homes sold in the area last year — a total 2,498 homes — were foreclosures. These homes sold for $60,912 on average, RealtyTrac said, which was a discount of about 46 percent on non-foreclosure homes sales.
The year before in 2011, 2,189 homes in foreclosure sold in the Dayton area for an average price of $62,848, about 21 percent of all sales that year. The Dayton area includes Greene, Miami, Montgomery and Preble counties.
“Distressed sales are still a disproportionately high portion of the overall housing market,” said Daren Blomquist, vice president of RealtyTrac, in a statement.
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