MS Foreclosure Sales Drop
The number of Mississippi homes being sold in some stage of foreclosure has dropped sharply over the past year.
Irvine, Calif.-based RealtyTrac said 99 foreclosed homes were sold in the state in the April-through-June period at an average price of $145,331. That represented a 20.7 percent discount from homes that were not in foreclosure and 9.5 percent of all second-quarter home sales in Mississippi.
RealtyTrac said the number of foreclosed homes sold in the second quarter in Mississippi rose 4.2 percent from the first quarter of 2011, but fell nearly 42 percent from the second quarter of 2010.
Nationally, the second quarter saw 265,087 foreclosure sales at an average price of $164,217. That represented a 32 percent discount and accounted for 31 percent of all U.S. home sales.
