We’ve been dealing with the “foreclosure crisis” for awhile now. The sad part is that it is far from over. Many parts of the MD Suburbs of Washington, DC are still have large numbers of homes that are in foreclosure that still haven’t been sold. Worse still are the large number of short sales that are not fully foreclosed upon but are in the process.  If the banks do not allow the short sales to sell in time, they all eventually become foreclosures and end up in the statistics.

Prince George’s County which includes a lot of the towns I work in – College Park, Beltsville, Greenbelt, Laurel, Bowie – seems to be the hardest hit. The neighborhing counties of Montgomery and Howard and Anne Arundel still have their share of foreclosures but not nearly as many as Prince Georges’s.

The inforgraphic below shows the percentage of foreclosures as part of the total number of sales. This is not the total number of foreclosed home, it is a percentage of the total number of home sales.

Read with an optimistic eye, you can see there are still a majority of home sales that are not foreclosures. Staying in that optimistic point of view you can tell that the number of foreclosures as a percentage of total home sales has dropped from 2010 to 2011.  Hopefully, this trend will continue through 2012.

A big thank you to Corey Hart at Real Estate Business Intelligence (a MRIS company) for providing this great visual.