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RealtyTrac: Miami Foreclosure Filings Down 35% in December

by Peter Thomas Ricci

Miami continues to make progress with its foreclosure markets, according to new analysis by RealtyTrac.

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In December, foreclosure filings in Miami were down 35 percent year-over-year and 32 percent from November, according to the latest numbers from RealtyTrac.

Similarly, REO sales were up 28 percent from October to November and 8 percent from Nov. 2012. But still, there’s a ways to go for Miami – there remain 58,112 properties in some stage of foreclosure, and according to RealtyTrac’s year-end analysis, Miami had the highest foreclosure rate in the nation.

How did our local market, though, compare with the nation’s foreclosure market? See our graphic below for some of the main takeaways from RealtyTrac’s end-of-the-year analysis:

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