Massachusetts Home Buyer Guide

A total of 1,617 single-family home sales were bank-owned properties, representing 3.4 percent of all single-family sales in 2012. The number of foreclosed homes sold decreased from 2011, when bank-owned properties accounted for 3.8 percent of all single-family home sales in Massachusetts, according to The Warren Group, publisher of Banker & Tradesman.  

A total of 492 condominium sales were of bank-owned properties, representing 2.6 percent of all condominium sales in 2012. The number foreclosed condos sold dropped from 2011, when bank-owned condo sales represented 3.5 percent of all condo sales.

Just as the inventory of all types of homes has decreased in 2012, the same is true for foreclosures.