CHICAGO (AP) - Almost 31% of homes sold in Illinois in the first quarter of the year were in foreclosure or owned by a bank.
The statistics were released Thursday by Irvine, Calif.-based RealtyTrac. The company says the total number of foreclosures sold from January through March totaled 8,592, and the average sale price was $127,530.
The number of foreclosure sales was 22% higher than during the same period last year, and almost 12% higher than the last three months of 2011.
Nationally, foreclosure homes accounted for 26% of all residential sales in that same period.
The highest percentage of foreclosure sales were in Nevada, California and Georgia.
RealtyTrac says lenders also are approving more aggressively priced short sales.