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Madison County & Huntsville AL Foreclosure Statistics – May 2010

By: Huntsville Real Estate Expert Mike Manosky On June 28, 2010

There were 1,537 Madison County & Huntsville foreclosure homes for sale with 122 new foreclosures in May 2010. One in every 1,159 housing units received a foreclosure filing in May. The average sales price of a Madison County AL home was $188,703 and the average foreclosure sales price was $180,632, a $8,071 savings, according to RealtyTrac.com.

Madison County & Huntsville Foreclosure Activity and Home Price Index

The Madison County and Huntsville price appreciation remained level in May with 122 new foreclosure homes.

forecl-may 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 0.14% lower than national statistics and the same as state figures.

geo-may 2010

Madison County & Huntsville Foreclosure Activity by Month

The number of  Bank-Owned properties decreased from 103 in April to 76 in May. The number of  Auctions decreased from 65 to 46. There is a 6-month rising trend in foreclosure activity.

trend-may 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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