Distressed sales falling nationwide but still high in Florida, Illinois

CoreLogic: more than 40 states recorded declines in distressed sales in May
  • Overall distressed sales in May 2016 were down 2.1 percent year-over-year to 8.4 percent.
  • Maryland had the highest share of distressed sales in May, with 19.4 percent of all sales.
  • The largest year-over-year decline in distressed sales came from Florida where it dropped 5.5 percent to 15.8 percent.

At its peak in January 2009, distressed home sales accounted for 32.4 percent of all sales. That number has now dropped to 8.4 percent, nationally, with some states reporting even lower figures.