Foreclosure Sales Account for 31 Percent of All Residential Sales in First Quarter According to New Report From RealtyTrac

Nearly 233,000 Foreclosure and Bank-Owned Homes Sold at an Average Discount of 27 Percent. IRVINE, CA – June 30, 2010 – (RealEstateRama) — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its first U.S. Foreclosure Sales Report™, which shows that foreclosure homes accounted for 31 percent of all residential sales in the first quarter of 2010, and that the average sales price of properties that sold while in some stage of foreclosure was nearly 27 percent below the average sales price of properties not in the foreclosure process.