A "distressed" home sale is a foreclosure or "short sale," where the bank agrees to take less than what is owed on the mortgage. Typically, distressed sales have "discounted" pricing, +/-17% shortsales, +/- 28% foreclosures.
There is no reliable published monthly data on how many homes listed in the Charlottesville Area MLS are "distressed," and no transparent public monthly (nor quarterly)
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