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Pennsylvania Foreclosure Market Data
Housing units (2009): 5.52 million
Total Number of Properties w/ Foreclosure Filings (2008): 37,200
Number of Properties w/ Foreclosure Filings (Oct. 2010): 6,300
Foreclosure Rate: 1 out of every 875 properties
Number of Foreclosure Sales (2010): 4,500
Pennsylvania Median Foreclosure Sale Price (2010): $159,000
National Average Foreclosure Sales Price (2010): $171,400
Pennsylvania is located in the northeastern corner of the United States. With over 6,200 recent foreclosures, Pennsylvania contains a total of over 39,700 foreclosures. A staggering number of 1,500 recent foreclosures are concentrated within the city limits of Philadelphia. Philadelphia contains a total of over 10,300 foreclosure homes within its city limits. An increasing number of properties are being foreclosed on, and banks are scrambling to rid themselves of their growing inventory of REO properties. Philadelphia is a great place to search for a bargain in the foreclosure market. The average foreclosures The average foreclosure sales price is approximately is approximately $94,700. The average foreclosure sales pric in Pennsylvania is about $115,000. The median foreclosure sales price in Pennsylvania is approximately $160,000.
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