A client recently asked me where all the foreclosure listings have gone. If you look at the chart below, you can see that in 2009 and 2011 there were months when there more foreclosure sales than traditional sales. That time is gone. In August only 2.1% of sales were foreclosures.
But regardless of the market there is a seasonal time of year when foreclosure listings always increase. As you can see in the chart below, new foreclosure listings always increase at the end of the year… when banks want to reduce their foreclosure inventory.
This means that if you are looking for foreclosure listings, you should be on the lookout the next couple months… especially in December. Don’t expect as many as were available at their peak in 2011, but expect more in December than the rest of the year.