Phoenix foreclosures up in November

The unsettled Phoenix metro real estate market saw foreclosures as a share of the market rise to 29 percent in November, according to a report from W. P. Carey School of Business Professor Emeritus Jay Butler. Overall activity dropped between October and November as expected given the season – from 7215 in October to 7105 in November. The median price for traditional sales was up, but the median for a foreclosed property declined.

The unsettled Phoenix metro real estate market saw foreclosures as a share of the market rise to 29 percent in November, according to a report from W. P. Carey School of Business Professor Emeritus Jay Butler. Overall activity dropped between October and November as expected given the season – from 7215 in October to 7105 in November. The median price for traditional sales was up, but the median for a foreclosed property declined. [podcast]