Connecticut continues to have one of the highest percentages of distressed home sales in the nation. A monthly report shows almost one-in-five home sales could be described as distressed.
Distressed sales, which include real estate-owned properties and short sales, accounted for 9.7 percent of total home sales nationally in September 2015, down 2.4 percentage points from September 2014 and down 0.1 percentage point from August 2015.
According to the latest information from realty tracker CoreLogic, Connecticut at 19.1 percent continues to be more than double the national average. That number is unchanged from August 2015.
All but eight states recorded lower distressed sales shares in September 2015 compared with a year ago. Maryland had the largest share of distressed sales of any state at 20.7 percent in September 2015, followed by Florida (19.8 percent), Michigan (19.6 percent), Connecticut and Illinois (18.2 percent).
Within the distressed category nationally, real estate owned sales accounted for 6.4 percent and short sales made up 3.3 percent of total home sales in September 2015. The real estate owned sales share was the lowest since October 2007 when it was 6.2 percent. The short sales share fell below 4 percent in mid-2014 and has remained in the 3-4 percent range since then. At its peak in January 2009, distressed sales totaled 32.4 percent of all sales, with REO sales representing 27.9 percent of that share.
