6,608 Metro Phoenix foreclosures sold in June 2009. The total sales were 9,358 making Metro Phoenix foreclosures 70.6% of all sales in the Phoenix area real estate market. As you can see by the chart, the percentage of Metro Phoenix foreclosures has decreased over the last several months. This trend seems to be in direct proportion to the decreasing inventory of Metro Phoenix foreclosures and the decreasing price of normal sales. The decreasing price of normal sales is encouraging more home buyers to pass on foreclosures and pick up normal sales at a more competitive price.
Read this chart in this manner: 9,358 properties sold in the Phoenix area real estate market during June 2009. 6,608 were Metro Phoenix foreclosures -- or 70.6% of all properties sold in the Phoenix area real estate market during June 2009.
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