Realty Unlimited

States seeing the most foreclosures
Nevada earned the distinction of leading the nation in foreclosure rates last month, with 1 in every 2,326 residential properties in the Silver State facing a default.

Florida clinched the unenviable No. 2 spot with a foreclosure filing rate of 1 in every 2,420 housing units, followed by Maryland (1 in every 2,566), South Carolina (1 in every 2,588), and Illinois (1 in every 2,727).

Nevada's June rate was just slightly lower than July's, at 1 in every 2,615 housing units facing foreclosure. That month, South Carolina topped the list of states with the most delinquencies, while Nevada came in second and Florida third.

So why are Nevada and Florida experiencing such a sharp rise in foreclosures this summer?

Realtor.com® senior economist Joel Berner says the surge in defaults in those states is closely tied to tourism.

"Florida and Nevada both have local economies that are heavily reliant on the tourism industry," explains Berner. "Tourism tends to be volatile, and when economic growth slows as it has this year, that industry is often the first and most painfully impacted. Some homeowners in these states may be losing their jobs and becoming unable to make their mortgage payments."

https://www.realtor.com/news/trends/home-foreclosures-increase-nevada-florida-maryland-july-2025/

Home Foreclosures Soar Nationwide—These 2 States Are Hit the Hardest Nevada posted the highest foreclosure rate in the U.S. in July, followed by Florida, as mortgage defaults spiked nationwide.

Minnesota June 2025
With half of 2025 in the rearview mirror, year-to-date numbers offer us a clear view of market activity relative to last year. So far, statewide new listings are up 6.0% while pending sales are up 1.1% compared to 2024.

The fact that listings are up more than sales has pushed inventory levels higher consistently for almost two years. Despite those supply gains, however, the state remains a sellers’ market at 3.0 months of supply. Traditionally, 5-6 months of supply is considered balanced.

At about 6.82% on average, mortgage rates were flat from May to June but are down about 10 basis points from June 2024. Buyer demand remains steady as we move through peak selling season.
- Minnesota Association of Realtors

Send a message to learn more

Some basics here.

Consumer Guide: Preparing to Sell Your Home Once you decide to sell your home, you might have questions about how to prepare it for listing and viewing by potential buyers. An agent who is a REALTOR® can guide you through this process. Here are some common considerations as you prepare your home to sell.