New data from CoreLogic drives home just how much progress our housing markets have made in clearing out their foreclosure inventory

The last 12 months have been highly encouraging ones for Florida’s housing market, according to the latest Foreclosure Report from data firm CoreLogic.

From Sept. 2013 through Sept. 2014, CoreLogic reported, Florida’s foreclosure inventory fell from 7.6 percent of all homes to just 4.4 percent, a massive decline of 3.2 percentage points (or 42 percent!) that actually pushed Florida away from the top foreclosure state in America; that distinction now belongs to New Jersey. Additionally, there were an incredible 120,221 foreclosures completed in that timeframe, which was 22 percent of the entire nation’s completions in that time; however, the serious delinquency rate does remain high at 8.6 percent (the national average, for comparison’s sake, is 4.2 percent).

For a more detailed look at how Florida compares with other metro areas, take a look at our graph below: