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Huntsville AL Foreclosure Trends – Sept 2011

By: Huntsville Real Estate Expert Mike Manosky On November 4, 2011

There were 643 Huntsville AL foreclosure homes for sale in September 2011 and one in every 1,418 housing units received a foreclosure filing. The average sales price of a Huntsville home was $164,504 and the average foreclosure sales price was $85,778, a $78,726  savings, according to RealtyTrac.com.

Huntsville AL Foreclosure Activity and 30 Year Interest Rate

Huntsville interest rates averaged 4.211% in September while the number of foreclosed homes increased from 65 to 67.

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 September was 0.10% below national statistics, the same as state figures and 0.01% below Madison County statistics.

 

 Huntsville AL Foreclosure Activity by Month

 

The number of  Bank-Owned properties increased from 38 in August to 47 in September. The number of Auctions decreased from 27 to 20 and there is a 6-month rising trend in Huntville 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.

Search all Huntsville AL real estate and Huntsville homes for sale.

Having lived in the Huntsville AL area for most of his life, Mike Manosky understands exactly what makes this community special.  In fact, those who know him well will tell you he carries the same traditional values and focus on the future as Huntsville. 

Mike brings with him a keen eye for the details of buying or selling a Huntsville AL home and seemingly boundless determination and energy, which is why his clients benefit from his unique brand of real estate service. Rooted in Tradition, Focused on the Future – Mike Manosky will help make the most of your Huntsville AL real estate experience. Give him a call today, 256-508-0211 Direct or 800-803-0053 Toll Free, and discover the difference he can make during your family’s move.

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