Week of April 22, 2019

Monthly Sales Volume

Total home sales by state for December 2018

Total home sales by state for December 2018

Percentage that are REO sales

Percentage that are REO sales
State Total sales count REO sales volume as % of total sales volume
National 373,455 2.92%
Alabama 6,459 4.41%
Alaska 738 6.64%
Arizona 11,796 1.48%
Arkansas 3,425 3.88%
California 25,248 1.71%
Colorado 9,675 0.71%
Connecticut 3,157 5.92%
Delaware 1,194 3.94%
District of Columbia 729 2.19%
Florida 40,758 2.54%
Georgia 10,634 2.44%
Hawaii 1,013 2.37%
Idaho 3,420 1.40%
Illinois 10,964 5.10%
Indiana 9,972 3.08%
Iowa 4,362 2.13%
Kansas 2,844 3.97%
Kentucky 4,733 3.11%
Louisiana 4,284 4.30%
Maine 1,303 3.38%
Maryland 7,022 4.94%
Massachusetts 6,648 2.44%
Michigan 9,276 4.03%
Minnesota 7,002 2.11%
Mississippi 897 3.46%
Missouri 8,342 3.87%
Montana 1,432 2.23%
Nebraska 1,667 2.10%
Nevada 5,024 1.93%
New Hampshire 2,030 2.36%
New Jersey 7,911 8.28%
New Mexico 2,404 4.95%
New York 12,483 3.67%
North Carolina 15,118 1.79%
North Dakota 830 2.17%
Ohio 13,636 2.93%
Oklahoma 5,219 4.16%
Oregon 4,903 2.90%
Pennsylvania 12,530 4.33%
Rhode Island 1,114 3.68%
South Carolina 8,612 2.66%
South Dakota 27 No Data
Tennessee 10,530 3.49%
Texas 40,280 2.12%
Utah 5,362 0.90%
Vermont 968 No Data
Virginia 9,157 4.99%
Washington 9,253 1.21%
West Virginia 443 2.03%
Wisconsin 5,946 2.05%
Wyoming 681 5.14%

More than eight percent of total home sales in New Jersey were real estate-owned property (REO) in December 2018—the highest percentage in the nation.1 REO properties are homes owned by a lender after an unsuccessful foreclosure auction. States with a large REO inventory may have an above-average foreclosure rate, which can depress prices. Connecticut and Alaska were the second- and third-highest, at 6.64% and 5.92% respectively.

Nationwide, Texas and Florida had the greatest number of housing units sold in December—each with over 40,000. Colder temperatures may have muted activity in the North and Midwest. For instance, 10,964 homes sold in Illinois versus 14,738 in October.

1Source data: CoreLogic®

Data date: 3/04/2019

 

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