Sheriff's Sales: A Growing Share of the Housing Market
This Data Byte measures the share of the Franklin County housing market represented by sheriff’s sales. In 2008, sheriff’s sales represented one in three (32%) sales of 1-3 unit residential properties in Franklin County and one in five (20%) condominium sales, up from 12% and 3% respectively in 2003. Figures vary across school districts within the county. While those with lower housing prices continued to be more affected, the nature of the foreclosure problem has evolved over time to encompass districts with mid-and upper-range prices.