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Madison County AL Foreclosure Trends – July 2009

By: Huntsville Real Estate Expert Mike Manosky On August 15, 2009

There are 1,325 Madison County AL foreclosure homes for sale with 189 new foreclosures in July 2009. 1 in every 10,932 housing units received a foreclosure filing in July 2009. The average sales price of   a Madison County AL home was $193,910 and the average foreclosure sales price was $169,903, according to RealtyTrac.com.

Madison County AL Foreclosure Activity and Home Price Index

 

Madison County AL foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Madison County AL Foreclosure Geographical Comparison

Madison County AL foreclosure activity is lower 0.14% lower than national statistics and 0.04% higher than Alabama statistics.

Madison County AL Foreclosure Activity by Month

The number of both the Bank-Owned properties and the number of Auctions fell slightly in July, however the 6 month trend is a rise in foreclosure activity.

Are you or someone you know behind on your mortgage payments and facing a Madison County AL foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. Give me a call for a private consultation.

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