Bank Home and Short Sale Report | March 2024

illustrating the relationship between banks and mortgage lenders and delinquent homeowners

NOTE: These numbers reflect only foreclosures sales and do NOT reflect the total sales. Click here for total monthly sales:

Phoenix Homes Sales

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Table explanation

Bank Home and Short Sale Report

Date% of Total SalesTotal Distressed SalesREO Sales OnlyREO Sale %Short Sales OnlyShort sale %Cancelled Short SalesShort Sale Success
Feb-240.21%12975.0%325.0%260.0%
Jan-240.48%211571.4%628.6%0100.0%
Dec-230.39%191473.7%526.3%183.3%
Nov-230.28%131184.6%215.4%0100.0%
Oct-230.31%161487.5%212.5%0100.0%
Sep-230.38%211781.0%419.0%357.1%
Aug-230.31%191684.2%315.8%260.0%
Jul-230.30%181372.2%527.8%183.3%
Jun-230.35%262284.6%415.4%180.0%
May-230.26%211571.4%628.6%185.7%
Apr-230.36%242291.7%28.3%166.7%
Mar-230.19%141285.7%214.3%0100.0%
Feb-230.25%1414100.0%00.0%0N/A
Jan-230.21%99100.0%00.0%0N/A
Dec-220.31%161593.8%16.3%0100.0%
Nov-220.22%1111100.0%00.0%0N/A
Oct-220.11%6583.3%116.7%150.0%
Sep-220.19%121083.3%216.7%166.7%
Aug-220.19%1212100.0%00.0%0N/A
Jul-220.26%161381.3%318.8%260.0%
Jun-220.14%111090.9%19.1%233.3%
May-220.26%232191.3%28.7%166.7%
Apr-220.12%11981.8%218.2%166.7%
Mar-220.13%131184.6%215.4%166.7%
Feb-220.15%121191.7%18.3%0100.0%
Jan-220.2%121191.7%18.3%233.3%
Dec-210.2%161487.5%212.5%166.7%
Nov-210.2%141285.7%214.3%340.0%
Oct-210.1%121083.3%216.7%0100.0%
Sep-210.2%171376.5%423.5%180.0%
Aug-210.2%151493.3%16.7%0100.0%
Jul-210.2%201680.0%420.0%266.7%
Jun-210.2%191684.2%315.8%175.0%
May-210.3%292689.7%310.3%442.9%
Apr-210.4%362877.8%822.2%188.9%
Mar-210.4%403280.0%820.0%0100.0%
Feb-210.4%322578.1%721.9%0100.0%
Jan-210.4%292275.9%724.1%187.5%
Dec-200.5%514180.4%1019.6%376.9%
Nov-200.4%352880.0%720.0%187.5%
Oct-200.5%473676.6%1123.4%284.6%
Sep-200.5%463473.9%1226.1%860.0%
Aug-200.5%473574.5%1225.5%285.7%
Jul-200.6%685479.4%1420.6%287.5%
Jun-200.6%614980.3%1219.7%860.0%
May-200.7%463780.4%919.6%564.3%
Apr-200.8%544685.2%814.8%372.7%
Mar-200.5%463780.4%919.6%564.3%
Feb-200.6%483470.8%1429.2%670.0%
Jan-201.1%735778.1%1621.9%1159.3%
Dec-190.7%534177.4%1222.6%1741.4%
Nov-191.0%685175.0%1725.0%673.9%
Oct-191.1%856070.6%2529.4%973.5%
Sep-190.8%684464.7%2435.3%1561.5%
Aug-190.9%795873.4%2126.6%1755.3%
Jul-190.9%836375.9%2024.1%1066.7%
Jun-191.0%946468.1%3031.9%1075.0%
May-190.8%846577.4%1922.6%1163.3%
Apr-191.0%967679.2%2020.8%1458.8%
Mar-190.9%806075.0%2025.0%2148.8%
Feb-191.3%876878.2%1921.8%1457.6%
Jan-191.1%594271.2%1728.8%2342.5%
Dec-181.5%966668.8%3031.3%1566.7%
Nov-181.3%886877.3%2022.7%1458.8%
Oct-181.6%1198873.9%3126.1%1468.9%
Sep-181.3%905561.1%3538.9%1274.5%
Aug-181.4%1157161.7%4438.3%1969.8%
Jul-181.4%1198571.4%3428.6%2359.6%
Jun-181.3%1228166.4%4133.6%1869.5%
May-181.4%1379267.2%4532.8%1970.3%
Apr-181.5%1409366.4%4733.6%1674.6%
Mar-181.9%17911865.9%6134.1%2075.3%
Feb-182.2%15810667.1%5232.9%2865.0%
Jan-182.7%16811065.5%5834.5%3363.7%
Dec-172.2%1599761.0%6239.0%2571.3%
Nov-172.1%1499362.4%5637.6%2866.7%
Oct-172.2%1679858.7%6941.3%3864.5%
Sep-172.2%1639960.7%6439.3%3068.1%
Aug-172.4%19510855.4%8744.6%2875.7%
Jul-172.2%17611163.1%6536.9%3267.0%
Jun-172.2%20713364.3%7435.7%3667.3%
May-172.4%23213658.6%9641.4%4369.1%
Apr-172.4%21412257.0%9243.0%4666.7%
Mar-173.4%31617756.0%13944.0%4077.7%
Feb-173.9%25714757.2%11042.8%3277.5%
Jan-173.5%21411955.6%9544.4%4468.3%
Dec-164.2%30115150.2%15049.8%3680.6%
Nov-163.6%25014758.8%10341.2%4868.2%
Oct-163.6%25612649.2%13050.8%4873.0%
Sep-163.7%27814953.6%12946.4%4574.1%
Aug-164.5%35918351.0%17649.0%5576.2%
Jul-163.8%29816856.4%13043.6%4972.6%
Jun-163.5%31317054.3%14345.7%6668.4%
May-163.7%32818456.1%14443.9%5572.4%
Apr-163.9%33120261.0%12939.0%6367.2%
Mar-164.5%38219952.1%18347.9%6374.4%
Feb-166.0%35120558.4%14641.6%8164.3%
Jan-166.3%32819960.7%12939.3%6865.5%
Dec-156.2%41619446.6%22253.4%5679.9%
Nov-155.8%31216552.9%14747.1%6469.7%
Oct-156.3%39722957.7%16842.3%9663.6%
Sep-156.1%42726963.0%15837.0%10360.5%
Aug-156.1%42924757.6%18242.4%8767.7%
Jul-156.3%49927755.5%22244.5%9669.8%
Jun-156.3%54931958.1%23041.9%8772.6%
May-156.0%49626553.4%23146.6%12165.6%
Apr-156.4%53332761.4%20638.6%14359.0%
Mar-157.0%54833561.1%21338.9%11564.9%
Feb-159.7%57034760.9%22339.1%9570.1%
Jan-1510.1%48632166.0%16534.0%10760.7%
Dec-149.6%62234655.6%27644.4%13467.3%
Nov-149.7%48429360.5%19139.5%10863.9%
Oct-149.9%61539163.6%22436.4%16357.9%
Sep-1410.3%64843867.6%21032.4%15058.3%
Aug-1410.1%65543165.8%22434.2%17056.9%
Jul-149.7%66242764.5%23535.5%16259.2%
Jun-1410.0%72746964.5%25835.5%16760.7%
May-1410.6%79152266.0%26934.0%23253.7%
Apr-1410.3%78649262.6%29437.4%19460.2%
Mar-1411.4%76748262.8%28537.2%21557.0%
Feb-1413.7%75847662.8%28237.2%19259.5%
Jan-1416.5%79647860.1%31839.9%22958.1%
Dec-1317.0%1,00151251.1%48948.9%24466.7%
Nov-1315.4%80241551.7%38748.3%24461.3%
Oct-1316.1%97648549.7%49150.3%30361.8%
Sep-1316.7%1,05952049.1%53950.9%24368.9%
Aug-1320.7%1,47376051.6%71348.4%30470.1%
Jul-1319.4%1,39464246.1%75253.9%29272.0%
Jun-1320.8%1,70072242.5%97857.5%30376.3%
May-1321.8%2,06094145.7%1,11954.3%28779.6%
Apr-1324.1%2,117101748.0%1,10052.0%36175.3%
Mar-1326.3%2,13395244.6%1,18155.4%35576.9%
Feb-1330.1%2,003101550.7%98849.3%37672.4%
Jan-1334.0%1,98697749.2%1,00950.8%53165.5%
Dec-1238.1%2,64890834.3%1,74065.7%50177.6%
Nov-1236.1%2,46992137.3%1,54862.7%66270.0%
Oct-1239.3%2,78793033.4%1,85766.6%67473.4%
Sep-1239.5%2,55684833.2%1,70866.8%66072.1%
Aug-1243.2%3,2751,09233.3%2,18366.7%74174.7%
Jul-1243.9%3,1551,07334.0%2,08266.0%62377.0%
Jun-1243.6%3,7151,31335.3%2,40264.7%50782.6%
May-1243.3%3,6441,48240.7%2,16259.3%60578.1%
Apr-1243.9%3,7161,61443.4%2,10256.6%58078.4%
Mar-1246.6%4,1341,93746.9%2,19753.1%66776.7%
Feb-1251.5%3,7591,72846.0%2,03154.0%63176.3%
Jan-1257.8%3,7361,84749.4%1,88950.6%73572.0%
Dec-1159.1%4,6202,21047.8%2,41052.2%80175.1%
Nov-1159.3%4,2812,21451.7%2,06748.3%84970.9%
Oct-1164.3%4,8942,76256.4%2,13243.6%78473.1%
Sep-1164.1%5,1893,08859.5%2,10140.5%86270.9%
Aug-1167.1%5,9163,74063.2%2,17636.8%1,03967.7%
Jul-1167.0%5,7343,82266.7%1,91233.3%1,03264.9%
Jun-1167.4%7,3184,60562.9%2,71337.1%1,23368.8%
May-1165.5%6,4894,40867.9%2,08132.1%1,39359.9%
Apr-1164.4%6,1114,32670.8%1,78529.2%1,55353.5%
Mar-1165.7%6,5484,66571.2%1,88328.8%1,98948.6%
Feb-1167.8%4,8773,38869.5%1,48930.5%1,47850.2%
Jan-1170.1%4,6103,14168.1%1,46931.9%1,85344.2%
Dec-1069.3%5,7814,16072.0%1,62128.0%1,46352.6%
Nov-1064.3%4,3203,01869.9%1,30230.1%1,47246.9%
Oct-1066.3%4,3422,99068.9%1,35231.1%1,73043.9%
Sep-1067.0%4,5342,99966.1%1,53533.9%1,99943.4%
Aug-1066.2%4,7132,75158.4%1,96241.6%2,00249.5%
Jul-1063.0%4,3772,72962.3%1,64837.7%1,89546.5%
Jun-1060.5%5,5463,38161.0%2,16539.0%1,82154.3%
May-1058.6%5,3323,43764.5%1,89535.5%1,51555.6%
Apr-1059.0%5,4813,55064.8%1,93135.2%1,28260.1%
Mar-1059.2%5,2823,58667.9%1,69632.1%1,51952.8%
Feb-1062.8%4,1502,71265.3%1,43834.7%1,16755.2%
Jan-1065.0%3,7772,48565.8%1,29234.2%1,22651.3%
Dec-0965.6%5,0343,30265.6%1,73234.4%98263.8%
Nov-0960.2%4,5683,07167.2%1,49732.8%95761.0%
Oct-0963.5%5,1743,62170.0%1,55330.0%1,08758.8%
Sep-0967.0%5,3203,81071.6%1,51028.4%1,02059.7%
Aug-0968.1%5,4734,07174.4%1,40225.6%1,05057.2%
Jul-0968.9%6,2894,85477.2%1,43522.8%1,07257.2%
Jun-0970.6%6,6085,34380.9%1,26519.1%1,15452.3%
May-0973.9%6,8965,86285.0%1,03415.0%1,11848.0%
Apr-0974.8%6,4025,57587.1%82712.9%1,14142.0%
Mar-0975.9%5,7835,05187.3%73212.7%1,22137.5%
Feb-0974.7%4,0963,59987.9%49712.1%1,23628.7%
Jan-0974.6%3,5403,11287.9%42812.1%1,14327.2%
Dec-0860.9%3,4313,00287.5%42912.5% Dec-08
Nov-0853.0%2,2881,95785.5%33114.5% Nov-08
Oct-0851.4%2,7062,49692.2%2107.8% Oct-08
Sep-0847.4%2,9082,79396.0%1154.0% Sep-08
Aug-0847.2%2,7542,65996.6%953.4% Aug-08
Jul-0842.8%2,5572,47796.9%803.1% Jul-08
Jun-0837.9%2,1742,10096.6%743.4% Jun-08
May-0833.5%1,8881,82396.6%653.4% May-08
Apr-0829.3%1,4231,36996.2%543.8% Apr-08
Mar-0826.8%1,1461,11597.3%312.7% Mar-08
Feb-0823.9%82180397.8%182.2% Feb-08
Jan-0819.4%55755198.9%61.1% Jan-08
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Table explanation
Bank Home and Short Sale Report Key:

  • “% Total Sales” means the percentage of all sales in the month that were foreclosure type properties
  • “Foreclosure Sales” means a total of bank owned properties and short sales.
  • “REO Sales” are only bank owned home sales.
  • “REO Sale %” shows bank owned sales expressed as a percentage of total foreclosure sales.
  • “Short Sales” are those in which the bank accepted less than the mortgage amount.
  • “Short Sale %” shows short sales expressed as a percentage of total foreclosure sales.
  • “Cancelled Short Sales” shows the number of short sales that were cancelled during the month, usually because the mortgage holder would not accept the proposed sales price. These properties usually become REO properties.
  • “Short Sale Success” = short sales / (short sales + cancelled short sales). This is a ratio of  short sales that successfully close escrow.

This Bank Home and Short Sale Report reports less distressed properties as the housing market improves.

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