by Calculated Risk on 7/12/2013 04:27:00 PM

Economist Tom Lawler sent me the table below of short sales, foreclosures and cash buyers for several selected cities in June. Lawler writes:

Note that in Phoenix, not only was the distressed sales share down sharply from a year ago, but also that the all-cash share of home sales – while still abnormally high – was also down significantly from a year ago. Overall sales were down 9.9% from last June, and it appears as if “investor” buying might be slowing down a bit.

Vegas’ distressed sales share last month was also down significantly from last June, but the all-cash share was actually up slightly. Overall sales were down 7.7% from last June. Investors still appear to be a dominant force in Vegas, while owner-occupant buying still appears weak.

From CR: Look at the two columns in the table for Total "Distressed" Share. In every area that has reported distressed sales so far, the share of distressed sales is down year-over-year - and down significantly in many areas. 

Also there has been a decline in foreclosure sales in all of these cities.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share		All Cash Share
	Jun-13	Jun-12	Jun-13	Jun-12	Jun-13	Jun-12	Jun-13	Jun-12
Las Vegas	31.0%	34.2%	9.0%	27.8%	40.0%	62.0%	55.3%	54.0%
Reno	24.0%	37.0%	6.0%	21.0%	30.0%	58.0%
Phoenix	12.7%	32.8%	8.7%	14.1%	21.5%	46.8%	37.5%	46.9%
Sacramento	23.2%	31.0%	7.5%	19.7%	30.7%	50.7%	29.9%	33.4%
Minneapolis	6.0%	9.6%	15.7%	25.1%	21.7%	34.6%
Mid-Atlantic	7.6%	10.2%	6.3%	8.7%	13.9%	18.9%	15.9%	16.5%
Hampton Roads					22.8%	28.8%
Northeast Florida					35.6%	39.9%
Memphis*			18.2%	29.6%
Birmingham AL			19.4%	26.4%
Springfield IL			12.0%	9.2%
Tucson							32.8%	34.9%
Omaha							14.9%	14.4%
Toledo							28.1%	33.0%
Des Moines							17.5%	18.9%
*share of existing home sales, based on property records