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Madison County and Huntsville Foreclosure Statistics – June 2010

By: Huntsville Real Estate Expert Mike Manosky On August 4, 2010

There were 1,575 Madison County & Huntsville foreclosure homes for sale with 120 new foreclosures in June 2010. One in every 1,179 housing units received a foreclosure filing in June. The average sales price of a Madison County AL home was $192,444 and the average foreclosure sales price was $180,698, a $11,746 savings, according to RealtyTrac.com.

Madison County & Huntsville Foreclosure Activity and Home Price Index

The Madison County and Huntsville price appreciation remained level in June with 120 new foreclosure homes.

forecl-june 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 0.16% lower than national statistics and the same as state figures.

geo-june 2010

Madison County & Huntsville Foreclosure Activity by Month

The number of  Bank-Owned properties increased from 76 in May to 114 in June. The number of  Auctions decreased from 46 to 6 and there is a 6-month rising trend in foreclosure activity.

trend-june 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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