Tuesday, November 13, 2012

Foreclosure auction sales in metro counties down 24 percent this year


The monthly foreclosure report for all metro counties through September is now available. See here for all graphs and tables. 

Summary:

Foreclosure auction sales were down year over year to the lowest levels reported during September in six years, while foreclosure filings during September 2012 were also down year over year.

Comparing year-over-year from 2011 to 2012, foreclosure filings in September fell 34.7 percent with totals falling from 2,429 to 1,585.

September 2012 foreclosure sales (completed foreclosures) were down compared to September 2011 with a decrease of 4.5 percent from 1,124 to 1,073.

During the first nine months of the year (Jan-September), foreclosure filings were down 1.0 percent from 19,010 to 18,826 from 2011 to 2012. During the same period, foreclosure auction sales were down 23.9 percent from 12,626 to 9,614. 

Filings fell 30.7 percent from August 2012 to September 2012, and auction sales were down 20 percent over the same period.

Mesa County reported the highest foreclosure rate during September, while Boulder County reported the lowest rate. (See Table 7.)