Huntsville Foreclosure Trends - January 2011

There were 1,365 Huntsville foreclosure homes for sale with 75 new foreclosures in January 2011. One in every 1,237 housing units received a foreclosure filing in January. The average sales price of a Huntsville home was $151,295 and the average foreclosure sales price was $136,297, a $14,998 savings, according to RealtyTrac.com.

Huntsville Foreclosure Activity and30 Year Interest Rate


Huntsville interest rates averaged 4.76% in January while the number of foreclosed homes decreased from 128 to 75.




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 Foreclosure Geographical ComparisonHuntsville foreclosure activity was in January was 0.12% below national statistics,the same as state figures and 0.02% below Madison County statistics.







Huntsville Foreclosure Activity by Month
The number of Bank-Owned properties increased from 28 in December to 29 in January. The number of Auctions decreased from 100 to 46 and there is a 6-month rising trend in Huntwville foreclosure activity.



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.

---