Low supply, strong demand, and Auction.com’s marketing engine have helped drive the average foreclosure sales price to unprecedented levels.
“This eight-year high emerged even though most foreclosure sales during the pandemic have been on vacant or abandoned properties exempt from the foreclosure moratorium,” said Auction.com VP of Market Economics Daren Blomquist.
Watch the latest episode of Disposition Download to learn how much foreclosure sales prices have jumped since a year ago.