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Madison County & Huntsville Foreclosure Statistics – August 2010

By: Huntsville Real Estate Expert Mike Manosky On October 7, 2010

There were 1,629 Madison County & Huntsville foreclosure homes for sale with 101 new foreclosures in August 2010. One in every 1,401 housing units received a foreclosure filing in August. The average sales price of a Madison County AL home was $197,088 and the average foreclosure sales price was $179,163, a $17,925 savings, according to RealtyTrac.com.

Madison County & Huntsville Foreclosure Activity and Home Price Index

The Madison County and Huntsville price appreciation was 0.0% in August with 101 new foreclosure homes.

forecl-aug 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 0.19% lower than national statistics and 0.02% lower than state figures.

geo-aug 2010

Madison County & Huntsville Foreclosure Activity by Month

The number of  Bank-Owned properties decreased from 85 in July to 81 in August. The number of  Auctions increased from 15 to 20 and there is a 6-month rising trend in foreclosure activity.

trend-aug 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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