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Madison County AL Foreclosure Statistics – November 2009

By: Huntsville Real Estate Expert Mike Manosky On December 28, 2009

There were 1,346 Madison County AL foreclosure homes for sale with 114 new foreclosures in November 2009. 1 in every 18,583 housing units received a foreclosure filing in November. The average sales price of a Madison County AL home was $172,641 and the average foreclosure sales price was $148,623, a $24,018 savings, according to RealtyTrac.com.

Madison County AL Foreclosure Activity and Home Price Index

 forecl-nov 2009

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 0.16% lower than national statistics and 0.02% lower than Alabama statistics.

geo-nov 2009

Madison County AL Foreclosure Activity by Month

The number of both the Bank-Owned properties properties fell from 44 to 25 in November and Auctions decreased from 46 to 23. There has been a falling trend in foreclosure activity for the past 6 months.

trend-nov 2009

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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