RealtyTrac, an online marketplace for foreclosure properties, Thursday said a total of 947,995 U.S. properties in some stage of foreclosure or bank-owned were sold during the year, a decrease of 6 percent from 2011 and a decline of 11 percent from 2010.
U.S. pre-foreclosure sales in 2012 increased 6 percent from the previous year while sales of bank-owned homes decreased 15 percent.
Releasing its year-end and fourth quarter U.S. Foreclosure & Short Sales Report, the market researcher said the foreclosure-related sales accounted for 21 percent of all U.S. residential sales during the year, down from 23 percent of all sales in 2011 and a decrease of 28 percent of all sales in 2010.
Properties not in foreclosure that sold as short sales in 2012 accounted for around 22 percent of all residential sales, thus bringing the total share of distressed sales to 43 percent, including both foreclosure-related sales and non-foreclosure short sales.
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