Foreclosure sales remain major market segment in Maryland
Average discount is more than 40 percent
by C. Benjamin Ford, Staff Writer More News
About 23.5 percent of all homes sold in Maryland in the second quarter were in some stage of foreclosure, down from 30.6 percent in the first quarter but up from 17.6 percent in the prior-year quarter.
There were 3,866 foreclosure sales in the state in the second quarter, according to new data from RealtyTrac of Irvine, Calif.
More than one-third of those sales were in Prince George’s County, where 40.1 percent of all home sales involved a foreclosed property….
…Those prices varied wildly across the state, from an average county low of $62,099 in Garrett County to a high of $301,979 in Howard County.
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