Sales of foreclosed homes account for 26% of all home sales in the U.S.

foreclosures

The average sales price of homes in foreclosure or bank owned was $161,214.

The leading online marketplace for foreclosure properties,  RealtyTrac® has released it Q1 2012 U.S. Foreclosure Sales Report™ which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 26 percent of all U.S. residential sales during the first quarter.  The sales are up from 22% of all sales in the fourth quarter and up from 25 percent of all sales in the first quarter of 2011.

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