Huntsville AL Foreclosure Trends – March 2011

There were 902 Huntsville AL foreclosure homes for sale with 112 new foreclosures in March 2011. One in every 848 housing units received a foreclosure filing in March. The average sales price of a Huntsville home was $183,870 and the average foreclosure sales price was $136,103, a $47,767  savings, according to RealtyTrac.com.

Huntsville AL Foreclosure Activity and30 Year Interest Rate

Huntsville interest rates averaged 4.84% in March while the number of foreclosed homes increased from 103 to 112.

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 March was 0.06% below national statistics, 0.01% above state figures and 0.01% below Madison County statistics.

 Huntsville AL Foreclosure Activity by Month
The number of  Bank-Owned properties increased from 61 in February to 62 in March. The number of Auctions increased from 42 to 50 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.