Foreclosure sales accounted for more than 38 percent of all residential sales in California in 2012, according to a report being released today by Irvine-based housing market tracker RealtyTrac.
While that led the nation, RealtyTrac also noted that it was down from 44 percent in 2011 and 49 percent in 2010.
RealtyTrac's 2012 U.S. Foreclosure & Short Sales Report says 947,995 U.S. properties in some stage of foreclosure were sold last year, a decrease of 6 percent from 2011 and down from 11 percent from 2010.
Nationwide foreclosure-related sales accounted for 21 percent of all U.S. residential sales during the year, down from 23 percent in 2011 and 28 percent in 2010. Properties not in foreclosure that sold as short sales in 2012 accounted for an estimated 22 percent of all U.S. residential sales last year.