Distressed Sales Still about 50% of Total

This is an analysis of closed sales representing the proportion of 'distressed' sales (foreclosures & short sales) and 'arms length' to all units sold.  While the proportion of distressed sales remains fairly constant at about 50% of the total, it is remarkable to note that short sales are comprising a larger proportion of the Distressed segment.  In fact, short sales are 26% ahead of last year in proportion of units sold while foreclosure sales have declined by 6.7%.  The increased proportion of short sales could be a factor of more inventory as sellers elect to list their properties as short sales and perhaps a more receptive lender community processing and approving short sales more efficiently.