Foreclosures selling at a 15% discount

February 11, 2011

According to the National Association of REALTORS®, Foreclosures and distressed properties accounted for 36% of existing home sales in December.  While this may not directly represent the number of distressed sales in the Minneapolis and surrounding areas there is a direct correlation.  These distressed properties typically sold at a 15 percent discount as compared to non distressed homes.