Foreclosure rate continues to drop

SARASOTA — The foreclosure rate in Sarasota-Manatee decreased for the sixth month in a row in February, according to data provider CoreLogic.

The area's foreclosure rate fell to 1.67%, down from 2.73% in February 2015, the report says. Despite the significant increase, however, Sarasota-Manatee's rate remains above the national rate of 1.13%. The average foreclosure rate in Florida is 2.20%.

Sarasota-Manatee's 90-plus day delinquency rate also fell significantly in February, the report adds. It dropped to 3.41%, a 2.21 percentage point decrease from February 2015.

Here are the delinquency and foreclosure rates for Sarasota-Manatee over the past 12 months:

Month Delinquency Rate Foreclosure Rate
February 2016 3.41% 1.67%
January 2016 3.55% 1.77%
December 2015 3.66% 1.84%
November 2015 3.77% 1.85%
October 2015 3.93% 1.93%
September 2015 4.10% 2.02%
August 2015 4.27% 2.10%
July 2015 4.44% 2.09%
June 2015 4.54% 2.15%
May 2015 4.83% 2.25%
April 2015 5.05% 2.41%
March 2015 5.25% 2.54%