Monthly Sales Volume
Total home sales by state for December 2018
Percentage that are REO sales
|State||Total sales count||REO sales volume as % of total sales volume|
|District of Columbia||729||2.19%|
|South Dakota||27||No Data|
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
Disclosure content: This publication is provided for your convenience and information only.
Bank of America, N.A., assumes no liability for loss or damage as a result of your reliance on information in this publication. Photos are for illustration purposes only and are not to be construed as an endorsement of a particular product or company.
Unless expressly disclosed otherwise, Bank of America, N.A., is not affiliated with or responsible for the products or services of any company that may be mentioned or depicted in this publication. Our goal is for the contents of this publication to be accurate as of the date this issue was printed. However, we do not guarantee that any content is accurate or complete.