According to a new report from CoreLogic, of the nations top 25 largest core-based statistical areas, Florida had two of the top five cities with the largest share of distressed sales in January. The greater Orlando metro area had a distressed sales percent of 19.8 (no. 3) and the Tampa-St. Petersburg metro area was just behind with 19.7 percent to come in at number 4. Rounding out the top five metro areas were Baltimore-Columbia-Towson, MD (20 percent), Chicago-Naperville-Arlington Heights, IL (19.8 percent), and Las Vegas-Henderson-Paradise (14.2 percent).
Nationally distressed sales accounted for 11.2 percent of total sales. All but eight states recorded lower distressed sales shares in January compared with a year earlier. On a state wide basis Maryland had the largest share of distressed sales at 19.9 percent, followed by Connecticut (19.1 percent), Florida (18 percent), Michigan (18 percent) and Illinois (17.4 percent).
