Last May, we debuted new infographics to show how distressed properties identified as Short Sales and Bank Owned were represented in the 2010 housing market. Now, we’re pleased to present new infographics on distressed properties for the first two quarters of 2011! When compared with the data from 2010, these stats offer a more comprehensive picture of how the local housing market has changed in the past year and a half.

(Click the image to enlarge.)

The above infographic shows a visual representation of the number of Bank Owned and Short Sales in all areas of the RMLS™ system during the first half of 2011. The top half shows new listings and sales from January through June 2011, while the bottom half shows new listings and sales by quarter. To download or print the infographic, click here.

Below are links to additional infographics for some of our larger areas*:
Portland Metro
Clark County, WA
Lane County, OR
Douglas County, OR
*If you want information on percentages of distressed sales in other areas not represented by our infographics, please contact us at communications@rmls.com.

As can be seen from the above infographic, the percentage of distressed sales in the overall housing market increased for closed sales compared with new listings. However, the amount of short sales decreased as a percentage of closed sales versus new listings, while the amount of bank owned properties greatly increased.

The quarterly trend shows a decrease of new listings that were distressed, when comparing Quarter 1 with Quarter 2. Distressed sales also decreased as a percentage of closed sales in a comparison of Quarter 1 and Quarter 2. This trend remains consistent with the data from Quarters 1 and 2 from 2010.

Here are some additional facts about distressed properties in the first half of 2011:

• In a comparison of the first half of 2010 with the same period in 2011, distressed sales as a percentage of new listings increased by 4.5% (20.9% v. 25.4%).
• In a comparison of the first half of 2010 with the same period in 2011, distressed sales as a percentage of closed sales increased by 9.9% (28.1% v. 38%).
• Short Sales comprised 13.4% of new listings and 10.1% of sales in 2011, up 2.1% and 1.1% from 2010, respectively.
• Bank Owned properties comprised 12.1% of new listings and 27.9% of sales in 2011, up 2.4% and 8.8% from 2010, respectively.