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Foreclosures are 43 percent of NV home sales in Q2
by Associated Press
Aug 30, 2012 | 1372 views | 0 0 comments | 4 4 recommendations | email to a friend | print

LAS VEGAS (AP) — Foreclosure sales accounted for 43 percent of all home sales in Nevada in the second quarter, tying Georgia for the highest percentage in the nation.

The findings released Thursday by RealtyTrac come even though Nevada is seeing a drop in overall foreclosure activity.

Nevada saw almost 9,700 foreclosed homes sell between April and June, which is down about 25 percent from the first three months of the year and down almost 33 percent from the second quarter of 2011.

The average foreclosure sale price in Nevada was just under $125,000.
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