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Madison County AL Foreclosure Statistics – December 2009

By: Huntsville Real Estate Expert Mike Manosky On January 29, 2010

There were 1,393 Madison County AL foreclosure homes for sale with 166 new foreclosures in December 2009. 1 in every 827  housing units received a foreclosure filing in December. The average sales price of a Madison County AL home was $171,944 and the average foreclosure sales price was $155,378, a $24,018 savings, according to RealtyTrac.com.

Madison County AL Foreclosure Activity and Home Price Index

 forecl-dec 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 0.15% lower than national statistics and the same as state figures.

geo-dec 2009

Madison County AL Foreclosure Activity by Month

The number of both the Bank-Owned properties properties nearly doubled in December from 44 properties in November and 84 properties in December. The number of  Auctions increased from 70 to 83. There has been a rising trend in foreclosure activity for the past few months.

trend-dec 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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