Huntsville AL Foreclosure Trends – June 2011

There were 686 Huntsville AL foreclosure homes for sale in June 2011 and one in every 1,727 housing units received a foreclosure filing. The average sales price of a Huntsville home was $163,477 and the average foreclosure sales price was $117,744, a $45,733  savings, according to RealtyTrac.com.

Huntsville AL Foreclosure Activity and 30 Year Interest Rate

Huntsville interest rates averaged 4.64% in June while the number of foreclosed homes decreased from 80 to 55.

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 June was 0.09% 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 62 in May to 34 in June. The number of Auctions increased from 18 to 21 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 Huntsville real estate.