Bank-owned home sales totaled 115,777 in the fourth quarter and sold for an average $164,944, little changed from the third quarter and down 5 percent from a year earlier, RealtyTrac said. The price represents an average discount of 29 percent compared with non-foreclosure properties, down from 34 percent in the third quarter and 35 percent a year earlier.
Pre-foreclosure homes sold for an average $184,221 in the fourth quarter, down 3 percent from the previous three months and 11 percent from a year earlier. The 88,303 properties sold at an average 21 percent discount relative to non-distressed houses.
RealtyTrac sells default data from more than 2,200 counties representing 90 percent of the U.S.