RealtyTrac: Tennessee foreclosures rise in May

 

National foreclosure data company RealtyTrac reports that May foreclosures in Tennessee were 31 percent higher than the figure from the previous month and 21 percent lower than the number from the same time last year.

April home sales in the state rose 6 percent compared with the previous month's figure and were down 3 percent compared to the mark from April 2012, the company reported.

In May, the number of properties that received a foreclosure filing in Tennessee was 31 percent higher than the mark from the previous month and 21 percent lower than the figure from May 2012.

The median sales price of a non-distressed home in Tennessee was $115,900. The median sales price of a foreclosure home was $65,950, or 43 percent  lower than non-distressed home sales.