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Madison County AL Foreclosure Statistics – August 2009

By: Huntsville Real Estate Expert Mike Manosky On September 24, 2009

There are 1,316 Madison County AL foreclosure homes for sale with 130 new foreclosures in August 2009. 1 in every 17,633 housing units received a foreclosure filing in August 2009. The average sales price of a Madison County AL home was $198,541 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 0.09% lower than national statistics and equal to 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 August, howeverm Pre-foreclssure activity increased, indicating a rise in foreclosure activity in the coming months.

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.

Learn more about Madison County AL real estate.

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