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Huntsville AL Foreclosure Trends – July 2011

By: Huntsville Real Estate Expert Mike Manosky On September 2, 2011

There were 697 Huntsville AL foreclosure homes for sale in July 2011 and one in every 1,104 housing units received a foreclosure filing. The average sales price of a Huntsville home was $166,796 and the average foreclosure sales price was $83,203, a $83,593  savings, according to RealtyTrac.com.

Huntsville AL Foreclosure Activity and 30 Year Interest Rate

Huntsville interest rates averaged 4.55% in July while the number of foreclosed homes increased from 55 to 86.

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 July was 0.07% below national statistics, 0.01% above state figures and 0.02% below Madison County statistics.

 

 Huntsville AL Foreclosure Activity by Month

 

The number of  Bank-Owned properties decreased from 34 in June to 53 in July. The number of Auctions increased from 21 to 33 and there is a 6-month falling 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 HuntsvilleAL  real estate.

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