Contact Info

256-508-0211 direct
Mike@MoveToHuntsville.com

Huntsville AL Foreclosure Trends – March 2011

By: Huntsville Real Estate Expert Mike Manosky On May 5, 2011

There were 902 Huntsville AL foreclosure homes for sale with 112 new foreclosures in March 2011. One in every 848 housing units received a foreclosure filing in March. The average sales price of a Huntsville home was $183,870 and the average foreclosure sales price was $136,103, a $47,767  savings, according to RealtyTrac.com.

Huntsville AL Foreclosure Activity and30 Year Interest Rate

Huntsville interest rates averaged 4.84% in March while the number of foreclosed homes increased from 103 to 112.

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 AL Foreclosure Geographical Comparison

Huntsville AL foreclosure activity in March was 0.06% below national statistics, 0.01% above state figures and 0.01% below Madison County statistics.

 

 Huntsville AL Foreclosure Activity by Month
The number of  Bank-Owned properties increased from 61 in February to 62 in March. The number of Auctions increased from 42 to 50 and there is a 6-month rising trend in Huntwville AL foreclosure activity.

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

Comments (0)

Leave a Reply