TX: Distressed Homes More Than 16% of Dallas/Fort Worth Sales Totals

Distressed home sales in Dallas-Fort Worth nearly doubled since the peak of the market in 2006 and now account for more than 16 percent of all area home sales.

In a report released Monday, the Texas A&M University Real Estate Center found that sales of distressed homes — defined as any house being sold by a financial institution or other intermediary, rather than an individual — accounted for 8.4 percent of all sales in 2006. By last year that had grown to 16.3 percent.

In 2003, distressed sales accounted for just 5.7 percent of all sales. Researchers looked at more than 500,000 sales records from 2003 to 2010 in the North Texas Real Estate Information System database. In 2010, Dallas-Fort Worth-Arlington recorded 46,315 sales.

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