Analysis: Prince George's County has the highest foreclosure rate for first quarter
One in 221 properties in Prince George's County started the foreclosure process during the first quarter of the year -- the highest foreclosure rate in Maryland, according to an ATTOM Data Solutions analysis of property data.
Baltimore City had the second highest foreclosure rate in the state, with 1 in 233 properties in foreclosure, and Charles County came in third highest (1 in 354 properties).
The data shows 1,499 Prince George's County properties with a foreclosure filing during the first three months of 2018. The county has more than 330,000 housing units. The foreclosure rate in the county is down 3.60 percent from the end of 2017 and down 0.13 percent from a year ago.
In all of Maryland, 6,286 properties started the foreclosure process in the first quarter – a 7.42 percent decrease over the fourth quarter of 2017 and a 25.65 percent decrease from this time last year.
County foreclosure rates
|County||Housing Units||Q1 2018 Properties with Foreclosure Filings||Foreclosure Rate (Housing Units Per Foreclosure Filing)||Change from Q4 2017 (%)||Change from Q1 2017 (%)|
|Prince George's County||330,708||1499||221||-3.60||-0.13|
|Queen Anne's County||20,754||49||424||-28.99||4.26|