Foreclosure inventory near 10 year low

At the end of the first quarter, there were 664 foreclosures listed for sale in Central Indiana.  That number was not a noticeable change from a year ago.  However, It was just a third of the inventory available back in 2005, and less than half of 2010 levels.  Foreclosures now make up less than one in twenty houses listed for sale, with them having the highest concentration level in Madison and Shelby Counties.

Overall, foreclosure sales were down 15% in Q1 versus the same time a year ago.  Foreclosures sold for 87% of their original list price.  Of course, many cut their asking price before they ultimately brought offers.  FC 002

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