Jacksonville Foreclosure Notices Decline for Third Month

14 05 2010

The number of foreclosure notices mailed to Jacksonville metro area addresses dropped for the third straight month in April, according to real estate data aggregator RealtyTrac.

At 2,415, mailed foreclosure notices dropped by 14 percent from 2,805 in March. March’s total was a drop from 2,817 in February.

Although the number has remained above 2,000 since February, 2009, it’s still trending down from the high level of 3,864 noted in September of that year.

It is an indicator that numbers of foreclosure homes are decreasing in the area. Less foreclosure means home prices will further improve in the near future.

Source: Florida Times-Union

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