Distressed sales accounted for 11.9 percent of U.S. home sales in November 2015, down 1.9 percent from November 2014 and up 1.4 percent from October 2015, according to a recent CoreLogic report. The month-over-month increase is attributed to seasonality and the change was in line with previous Novembers.

Within the distressed category, REO sales accounted for 8.7 percent and short sales made up 3.2 percent of total home sales in November 2015. The REO sales were 1.5 percent below November 2014 and were at the lowest for the month of November since 2007. Short sales fell below 4 percent in mid-2014 and remained in the 3 percent to 4 percent range since then.

All but nine states – Maryland, Connecticut, Florida, Michigan, Illinois, North Dakota, Nevada, California and the District of Columbia – recorded lower distressed sales shares in November 2015 compared with a year earlier.