Madison County and Huntsville Foreclosure Statistics – July 2010

By: Huntsville Real Estate Expert Mike Manosky On September 3, 2010

There were 1,572 Madison County & Huntsville foreclosure homes for sale with 100 new foreclosures in July 2010. One in every 1,415 housing units received a foreclosure filing in July. The average sales price of a Madison County AL home was $210,690 and the average foreclosure sales price was $180,698, a $29,992 savings, according to

Madison County & Huntsville Foreclosure Activity and Home Price Index

The Madison County and Huntsville price appreciation remained level in July with 100 new foreclosure homes.

forecl-july 2010

Madison County AL foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.

Madison County & Huntsville Foreclosure Geographical Comparison

Madison County & Huntsville foreclosure activity was 0.18% lower than national statistics and 0.02% below state numbers.

geo-july 2010

Madison County & Huntsville Foreclosure Activity by Month

The number of  Bank-Owned properties decreased from 114 in May to 85 in July. The number of  Auctions increased from 6 to 15. There is a 6-month rising trend in foreclosure activity.

trend-july 2010

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