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Madison County AL Foreclosure Trends – September 2009

By: Huntsville Real Estate Expert Mike Manosky On November 5, 2009

There are 1,362 Madison County AL foreclosure homes for sale with 128 new foreclosures in September 2009. 1 in every 18,634 housing units received a foreclosure filing in September. The average sales price of a Madison County AL home was $189,756 and the average foreclosure sales price was $162,566, a $27,190 savings, 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 0.18% lower than national statistics and 0.02% lower than Alabama statistics.

Madison County AL Foreclosure Activity by Month

The number of both the Bank-Owned properties properties fell from 53 to 48 in September, while Auctions incresed from 71 to 80. Pre-foreclosure activity decreased, indicating a falling trend 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.

Learn more about Madison County AL real estate.

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