Short sales represented more than 8 percent of Maryland's home sales in December, one of highest rates in the country, according to data provided by RealtyTrac Inc., a real estate information company.
But bank-owned properties accounted for just 3.9 percent of sales last month and foreclosure auctions for 1 percent, both lower than the national averages, the report said.
While total sales and prices have rebounded, Maryland still is grappling with a troubled housing market. In 2013, one in every 64 housing units had a foreclosure filing, RealtyTrac reported last week.
- The Real Estate Wonk blog
- Top 10 most expensive homes in the Baltimore region in 2013 [Pictures]
- 10 Hottest Baltimore Neighborhoods for 2013 [Pictures]
- Local housing market Top 10s for 2012 [Pictures]
- Most expensive Baltimore-area communities 2012 [Pictures]
- Most expensive Baltimore-area communities [Pictures]
See more photos »
Nationwide, short sales accounted for about 5.7 percent of December residential sales activity. Maryland had the fourth highest percentage in the nation, behind Nevada, Florida and Illinois.
In a short sale, a lender agrees to let a borrower sell a property for less than is owed on the mortgage, accepting less than what is owed to release the lien on the property.