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RealtyTrac: Chicago Foreclosure Filings Down 20% in December

by Peter Thomas Ricci

Chicago continues to make progress with its foreclosure markets, according to new analysis by RealtyTrac.

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In December, foreclosure filings in Chicago were down 20 percent year-over-year, though they were up 22 percent from November, according to the latest numbers from RealtyTrac.

Similarly, though REO sales were down 12 percent from October to November, they were up from Nov. 2012; there remain 26,577 homes in Chicago in some stage of foreclosure, though according to RealtyTrac’s year-end analysis, the city is no longer among the top 10 cities in terms of foreclosure rates.

How did our local market, though, compare with the nation’s foreclosure market? See our graphic below for some of the main takeaways from RealtyTrac’s end-of-the-year analysis:

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