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Huntsville AL Foreclosure Trends – May 2012

By: Huntsville Real Estate Expert Mike Manosky On July 6, 2012

There were 492 Huntsville AL foreclosure homes for sale in May 2012 and one in every 1,439 housing units received a foreclosure filing. The average sales price of a Huntsville home was $168,104 and the average foreclosure sales price was $86,955, a $81,149 savings, according to RealtyTrac.com.

Huntsville AL Foreclosure Activity and 30 Year Interest Rate

Huntsville interest rates averaged 3.90% in May while the number of foreclosed homes rose from 55 to 61.

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 Maywas 0.08% 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 decreased from 29 in April to 16 in May.  The number of Auctions rose from 26 to 45. 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.

 

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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