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Huntsville AL Foreclosure Trend – April 2011

By: Huntsville Real Estate Expert Mike Manosky On May 27, 2011

There were 890 Huntsville AL foreclosure homes for sale with 109 new foreclosures in April 2011. One in every 871 housing units received a foreclosure filing in April. The average sales price of a Huntsville home was $163,001 and the average foreclosure sales price was $136,103, a $26,898  savings, according to RealtyTrac.com.

Huntsville AL Foreclosure Activity and30 Year Interest Rate

Huntsville interest rates averaged 4.84% in April while the number of foreclosed homes decreased from 112 to 109.

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 April was 0.06% below national statistics, 0.03% above state figures and 0.02% below Madison County statistics.

 

 Huntsville AL Foreclosure Activity by Month


The number of  Bank-Owned properties increased from 62 in March to 66 in April. The number of Auctions decreased from 50 to 43 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.

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