According to the latest information available from the Realtors Confidence Index survey, the price discount for distressed property relative to non-distressed property is in the neighborhood of 15 to 20 percent.
What does this mean for REALTORS®?
On average, non-distressed property is basically a different market from distressed sales. Many Realtors® have indicated that distressed properties are not meaningful comps. Realtors® have also mentioned that they caution clients interested in non-distressed properties not to expect the same level of discount to market as is the case for distressed properties.
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