Montgomery Foreclosure Trends - May 2010
There were 1,430 Montgomery foreclosure homes for sale with 152 new foreclosures in May 2010. The average selling price of a Montgomery home was $173,588 and the average foreclosure selling price was $113,451, a $60,137 savings, according to RealtyTrac.com.
Montgomery Foreclosure Activity and Home Price Index
Home price appreciation remained was 0.0% inMay while the number of new Montgomery foreclosure homes dropped to 152.
Montgomery 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.
Montgomery Foreclosure Geographical Comparison
Montgomery foreclosure activity was 0.09% lower than national statistics and 0.05% higher than Alabama statistics for the month of May.
Montgomery Foreclosure Activity by Month
The number of Bank-Owned properties increased from 57 homes in April to 90 in May. The number of Auctions dropped from 97 to 62. The 6-month trend reflects a rise in Montgomery foreclosures.
Are you or someone you know behind on mortgage payments and facing a Montgomery foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE) with specialized training in helping families avoid foreclosure. Give me a call for a private consultation.
