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Madison County & Huntsville Foreclosure Statistics – January 2010

By: Huntsville Real Estate Expert Mike Manosky On February 26, 2010

There were 1,476 Madison County & Huntsville foreclosure homes for sale with 70 new foreclosures in January 2010. 1 in every 1,974 housing units received a foreclosure filing in January. The average sales price of a Madison County AL home was $195,766 and the average foreclosure sales price was $166,282, a $29,485 savings, according to RealtyTrac.com.

Madison County & Huntsville Foreclosure Activity and Home Price Index

The Madison County and Huntsville price appreciation dropped 0.04% in January with 70 new foreclosure homes.

forecl-jan 2010

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 & Huntsville Foreclosure Geographical Comparison

Madison County & Huntsville foreclosure activity was 0.20% lower than national statistics and 0,03% lower than state figures.

geo-jan 2010

Madison County & Huntsville Foreclosure Activity by Month

The number of both the Bank-Owned properties dropped from 84 in December to 49 in January. The number of  Auctions decreased from 83 to 21. There is a falling trend in foreclosure activity.

trend-jan 2010

Are you or someone you know behind on your mortgage payments and facing a Huntsville 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 Huntsville real estate.

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