Loading…
Saturday, August 30, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 5/26/2011

Ohio, Mich. prices lag for home foreclosures

BLADE STAFF AND NEWS SERVICES

Foreclosed homes sold at a greater discount in Ohio and Michigan in the first quarter of 2011 than those nationally, a report shows.

The average sales price of a home in foreclosure was $168,321 nationally, or 27 percent below the average sales price of houses not in foreclosure, according to real-estate data tracking firm RealtyTrac Inc. of California.

The firm found 4,495 foreclosed houses sold in the first quarter in Ohio, down 17 percent from the previous quarter, and sold for an average price of $75,397, or 41 percent below nonforeclosure prices. In Michigan, 7,164 foreclosure sales occurred, down 14 percent from the previous quarter, and the average price was $70,358, or 34 percent below nonforeclosure prices.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories