Cities with Foreclosure Homes at Half Off

Foreclosure related sales account for 19 percent of all home sales in the third quarter, according to RealtyTrac's latest foreclosure sales report. Across the country, there were 193,059 foreclosure sales in the third quarter, and they sold at a discount of 31.81 percent.

We drew on the report to highlight the 12 metros with foreclosure savings higher than 45 percent.

Atlanta (Maulim/Flickr)

1. Atlanta-Sandy Springs-Marietta, Georgia. Foreclosure savings: 45.64 percent Avg. foreclosure sales price: $113,385 Number of sales: 10,286 1 in every 112 housing units received a foreclosure filing in the third quarter

2. Boston-Cambridge-Quincy, Massachusetts-New Hampshire. Foreclosure savings: 45.76 percent Avg. foreclosure sales price: $231,388 Number of sales: 1,480 1 in every 447 housing units received a foreclosure filing in the third quarter

3. Toledo, Ohio. Foreclosure savings: 45.91 percent Avg. foreclosure sales price: $64,072 Number of sales: 569 1 in every 140 housing units received a foreclosure filing in the third quarter

4. Springfield, Massachusetts. Foreclosure savings: 45.99 percent Avg. foreclosure sales price: $115,409 Number of sales: 246 1 in every 369 housing units received a foreclosure filing in the third quarter

5. San Francisco-Oakland-Fremont, California. Foreclosure savings: 46.09 percent Avg. foreclosure sales price: $350,160 Number of sales: 4,541 1 in every 178 housing units received a foreclosure filing in the third quarter

Milwaukee River (ifmuth/Flickr)

6. Milwaukee-Waukesha-West Allis, Wisconsin. Foreclosure savings: 46.55 percent Avg. foreclosure sales price: $111,225 Number of sales: 952 1 in every 215 housing units received a foreclosure filing in the third quarter

7. Columbus, Ohio. Foreclosure savings: 46.79 percent Avg. foreclosure sales price: $99,846 Number of sales: 1,252 1 in every 182 housing units received a foreclosure filing in the third quarter

8. Memphis, Tennessee. Foreclosure savings: 47.82 percent Avg. foreclosure sales price: $82,186 Number of sales: 574 1 in every 365 housing units received a foreclosure filing in the third quarter

9. Harrisburg-Carlisle, Pennyslvania. Foreclosure savings: 47.82 percent Avg. foreclosure sales price: $88,681 Number of sales: 92 1 in every 481 housing units received a foreclosure filing in the third quarter

Chicago (mrzeon/Flickr)

10. Chicago-Naperville-Joliet, IL-IN-WI. Foreclosure savings: 48.32 percent Avg. foreclosure sales price: $139,650 Number of sales: 9,262 1 in every 98 housing units received a foreclosure filing in the third quarter

11. Cleveland-Elyria-Mentor, Ohio. Foreclosure savings: 49.95 percent Avg. foreclosure sales price: $75,883 Number of sales: 1,406 1 in every 156 housing units received a foreclosure filing in the third quarter

12. Dayton, Ohio. Foreclosure savings: 52.13 percent Avg. foreclosure sales price: $60,150 Number of sales: 650 1 in every 205 housing units received a foreclosure filing in the third quarter

Source: RealtyTrac

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