Foreclosure Data for Your State, City and Neighborhood

Some media outlets are starting to report that foreclosure rates in some states are starting to slow, the first sign of good news in the foreclosure space for a long time. Stemming the rate of foreclosures is a prerequisite for a turnaround in the housing market because it reduces the amount of new distressed inventory in the pipeline.

Zillow now shows local data down to the neighborhood level on our Local Info pages. There are two foreclosure statistics that you can drill into for your specific geography: “Homes Foreclosed” and “Foreclosure Resales.”

Homes Foreclosed is the percent of all homes in a geography which were foreclosed upon in that time period. So for example, 0.5% (1 in 1000 homes) in Phoenix were foreclosed upon in July (chart above).

“Foreclosure Resales” (chart above) is the percent of homes in a geography that sold as part of a foreclosure process rather than a non-foreclosure process.  Read more about the definitions of our data terms in the Real Estate Market Reports FAQ.