Ever wonder about the local foreclosure market? RealtyTrac reports 1 in every 662 housing units nationwide received a foreclosure filing in March 2012. The local housing market tells a very different story.
The District's foreclosure rate is remarkably low -- 1 in every 24,727 -- compared to the rest of the country.
The Maryland foreclosure rate, like DC, remains low compared to the rest of the nation. The state shows an average rate of 1 in every 1,539 housing units with a foreclosure filing in March 2012. The Washington metropolitan areas of Maryland are also reporting rates lower than the national average. The highest Maryland foreclosure rate in the metro area is Prince Georges County: 1 in every 666.
- Montgomery County: 1 in every 3,736
- Bethesda: 1 in every 17,395
- Potomac: 1 in every 5,754
- Rockville: 1 in every 3,873
- Silver Spring: 1 in every 3,318
As with DC and Maryland, Virginia's foreclosure rate is also low compared to the rest of the nation. One in every 1,315 Virginia housing units received a foreclosure filing in March 2012. The strongest metro areas in the state are Alexandria and Arlington.
- Alexandria: 1 in every 3,446
- Arlington: 1 in every 5,270
- Fairfax County: 1 in every 1,575
Founded in 1996, RealtyTrac® is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. The company’s mission is to make it easier for consumers, investors and real estate professionals to locate, evaluate, buy and sell properties. RealtyTrac is the only major real estate website to feature foreclosure, auction, bank-owned, for-sale-by-owner, and resale properties.