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Huntsville Foreclosure Statistics – October 2010

By: Huntsville Real Estate Expert Mike Manosky On November 16, 2010

There were 1,222 Huntsville foreclosure homes for sale with 80 new foreclosures in Oct 2010. One in every 1,159 housing units received a foreclosure filing in Oct. The average sales price of a Huntsville home was $165,974 and the average foreclosure sales price was $136,297, a $29,677 savings, according to RealtyTrac.com.

Huntsville Foreclosure Activity and30 Year Interest Rate

Huntsville interest rates averaged 4.23% in Oct while the number of foreclosed homes increased from 49 in Sept to 80 in Oct.

rates-oct 2010

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Huntsville Foreclosure Geographical Comparison

Huntsville foreclosure activity was 0.15% lower than national statistics and equal to state figures and 0.02% below Madison County statistics.

geo-oct 2010

Huntsville Foreclosure Activity by Month
The number of  Bank-Owned properties increased from 46 in Sept to 51 in Oct. The number of Auctions increased from 3 to 29 and there is a 6-month rising trend in foreclosure activity.

trend-oct

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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