A new report from Realtor.com® is tracking the recent path of foreclosures, shedding light on what occurs when these homes become Real Estate Owned (REO) and are listed by banks. These properties often end up on multiple listing services and various online platforms, opening a new path to ownership for some buyers.
According to the research, the rate of foreclosures has increased in recent years following a period of suppression after the COVID-19 pandemic. Foreclosures are now about as common as they were in 2019. However, these levels remain well below the highs experienced during the Great Financial Crisis.
Moreover, the report identified specific markets with the most foreclosure listings as of June 2026. Among the areas that has seen a significant uptick is Sarasota, FL, presenting both challenges for some homeowners and potential opportunities for prospective buyers.
Foreclosure listings increase in the Sarasota area
In the North Port-Bradenton-Sarasota, FL, metro area, the foreclosure share of listings was 1.10% as of June 2026. This places it among the markets experiencing a notable increase in such properties. Other areas with high foreclosure listing shares include markets in Florida and Louisiana…