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Erie is passing through a growing moment in foreclosure market. Nowadays, we have 138 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Erie started September with 48 foreclosures available. October registered a rise to 135 homes, or 181.25%. The city had a down in November: -2.22%, leaving 132 properties in the market. Things got better in December with a increase to 134 homes in foreclosure available (1.52%). Opportunities kept abundant for buyers last month, with another rise, when Erie registered 136 foreclosures, a 1.49% increase comparing to December.
As for the cost, Erie has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Erie for $343,655, a value 101.25% above the US average price ($170,764), and a 2.32% decrease compared to the prices of January in the city.