B idding behavior at distressed market trends, and that bidding behavior in late 2024 points to a possible rebound in the spring and summer 2025 housing market. As measured by sales rate—the share of properties available for auction that sell to third-party property auctions acts as a reliable barometer of future retail housing
buyers—demand from the local community developers buying at foreclosure auction jumped in the final month of 2024, stopping a downward trend that started in June. That sales rate was down or flat in five of the six months between June and November before spiking 7% in December to a five-month high. The December sales rate was also up 5% from a year ago (see Fig. 1).
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