Huntsville Foreclosure Statistics - October 2010
There were 1,222 Huntsville foreclosure homes for sale with 80 new foreclosures in Oct 2010. One
in every 1,159 housing units received a foreclosure filing in Oct. The average sales price of a Huntsville home was $165,974 and the average foreclosure sales price was $136,297, a $29,677 savings, according to
RealtyTrac.com.
Huntsville Foreclosure Activity and30 Year Interest Rate
Huntsville interest rates averaged 4.23% in Oct while the number of foreclosed homes increased from 49 in Sept to 80 in Oct.
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 Comparison
Huntsville foreclosure activity was 0.15% lower than national statistics and equal to state figures and 0.02% below Madison County statistics.
Huntsville Foreclosure Activity by Month
The number of Bank-Owned properties increased from 46 in Sept to 51 in Oct. The number of Auctions increased from 3 to 29 and there is a 6-month rising trend in 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.