Foreclosures share of California sales inches down in April

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Properties previously foreclosed on in the last year made up 36.6% of the California market in April, down from more than 38% one year ago, according to DataQuick.

Foreclosure’s share of the market reached an all-time high in February 2009 at 58.5%.

Overall sales in the state reached 35,202 in April, down 6.1% from one year ago and 3.3% down from March. Sales for the month of April remain below the historic average of roughly 44,000, dating back to 1988.

Read More at HousingWire by Jon Prior, HousingWire