straddling the Iowa-Illinois border. The foreclosure auction sales rate of 55.6 percent in the fourth quarter of 2022 in the Quad Cities was up 38 percentage points from the 17.2 % level in fourth-quarter 2019. Other middle-America markets in the top 10 for biggest foreclosure auction sales rate increase in fourth-quarter
which saw a 31-point increase in sales rate, and Miami, which saw a 21-point increase in sales rate.
2022 included Milwaukee, Wisconsin; Peoria, Illinois; Louisville, Kentucky; St. Louis, Missouri; and Baton Rouge, Louisiana. The sales rate in fourth-quarter 2022 was up at least 20 percentage points from fourth‑quarter 2019 in all these markets. Two notable exceptions to the middle-America theme were Boston,
MOST POTENTIALLY PROFITABLE MARKETS Nationwide, real estate investors purchased foreclosure auction
TOP TEN MOST POPULAR MARKETS
Q4 2019 FORECLOSURE AUCTION SALES RATE
Q4 2022 FORECLOSURE AUCTION SALES RATE
CHANGE (POINTS)
METRO AREA
Davenport-Moline-Rock Island IA-IL Boston-Cambridge-Newton, MA-NH Milwaukee-Waukesha-West Allis, WI
17.2% 43.0% 31.2% 23.7% 38.5%
55.6% 74.4% 60.5% 51.3% 65.6% 32.4% 47.4% 47.7% 67.2% 65.3%
38% 31% 29% 28% 27% 26% 24% 24% 22% 21%
Peoria, IL
Louisville/Jefferson County, KY-IN San Juan-Carolina-Caguas, PR
6.7%
St. Louis, MO-IL Baton Rouge, LA
23.7% 24.1% 45.1% 44.4%
Richmond, VA
Miami-Fort Lauderdale-West Palm Beach, FL
Mississippi River
12 :: INVESTOR REVIEW :: MAR-APR 2023
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