The number of foreclosures continues to be very low (see the current list here). Lots of buyers still say they want a foreclosure because it is a great deal. In our current market, foreclosures aren’t a great deal. Yes, they often sell for less than other homes, but that is generally because of condition. As I used to say when I was a HUD listing broker during the downturn, “Not all foreclosures are a good deal and not all good deals are foreclosures.”
Data for houses in Travis, Williamson, and Hays counties provided by the Austin Central Texas Realty Information Service.