Foreclosures Hit an Eight Year Low

Jun 12, 2014

The April foreclosure data for Colorado’s 12 metropolitan counties is now available. Foreclosure filings and foreclosure auction sales were near an eight-year low during April 2014, with foreclosure filings dropping 29 percent, year over year, from April 2013 to April 2014. Foreclosure auction sales, over the same period, dropped 38.9 percent in all metro counties combined.

The first graph shows filings and sales for each month since 2007. There were 876 foreclosure filings and 470 foreclosure sales during April:

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A six-month moving average gives us a clearer look at the overall trend. Not surprisingly, the trend has been generally downward for some time, but has flattened out in recent months:

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The third graph shows the foreclosure filings total for each month. April’s total was the lowest total ever recorded in April since the survey began in 2007, and is thus an eight-year low.

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Both foreclosure filings and sales are down year over year in April, which means that both filings and sales have been down year over year every month for the past 18 months.

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