Collin County and Dallas Foreclosure Trends - May 2009

There are 2,960 foreclosed homes in Collin County with an average sales price of $219,401 with 462 new foreclosed homes in May 2009, according to RealtyTrac.com.

Collin County and Dallas Foreclosure Activity and Home Price Index

Collin County and Dallas foreclosure activity has remained relatively stable in the last three months with approximately 525 foreclosures each month. At the same time, the Home Price Index has dropped dramatically.

Collin County and Dallas 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.

Collin County and Dallas Foreclosure Geographical Comparison

Collin County Dallas foreclosure activity is 0.09% lower than national statistics and 0.06% higher than Texas figures.

Collin County and Dallas Foreclosure Activity by Month

Collin County and Dallas auction and bank-owned activity remained stable in May compared to the previous month. The high auction activity in March is an indicaiton that we will see many more foreclosures in the coming months.

Are you or someone you know behind on your mortgage payments and facing a Dallas 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.