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clarification of "foreclosure homes" amount

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Top 150 Contributor
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jessica.patryce posted on 29 Jun 2012 05:33 PM

when i lok under the zipcode for example - 60615 - the top of the screen specifies 519 foreclosure homes. But is this a cumulative number? If so, cumulative of which months or what time frame? The month of May 2012 only identifies 51 forelcosure filings..

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Top 10 Contributor
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324 Posts

Thanks for your question. Yes, that is a cumulative number of all properties in some stage of foreclosure. There is no timeframe for that; even if the property entered foreclosure a year ago or more. As long as it is still in the foreclosure process, it is still included in that number at the top of the screen that you mention.

 

The monthly data below only includes properties that received a foreclosure filing during that month, which is why that number is typically significantly smaller. Below is a video about using the RealtyTrac Stats & Trends Center to research foreclosure activity and overall housing market conditions.

 

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