Distressed property sales down in Illinois, still at high levels

Fewer distressed properties sold during the first quarter of this year than in the 1st or 4th quarters of last year, according to a report from RealtyTrac picked up in today’s Tribune. One-third of all sales in the state consisted of distressed properties.

The good news for buyers: bank-owned foreclosures sold at almost 46% less and short sales at 39% less than other properties in Illinois.