Monthly Trend
A quick note on how you can search for Madison and Dane County foreclosures: We have six foreclosure search tools to assist you with your bank owned (REO) and short sale property search. All 6 tools are available on our foreclosures and property search menus. Our monthly Dane County foreclosure report follows. Dane County foreclosures fell significantly in April, representing the ninth straight month to show a year-over-year decrease in filings. April foreclosure filings decreased by a whopping 54.2% from the number of filings registered in April of 2012, according to data maintained by the Wisconsin Circuit Court. A total of 71 new foreclosures were filed in April compared to 155 filings a year ago. Wisconsin foreclosure filings also decreased significantly, by 46.3% from the number of filings registered a year ago. A total of 1,378 new foreclosures were filed in April compared to 2,568 in April of 2012. The graph below shows the number of monthly Dane County foreclosure filings dating back to January, 2005. April was the 9th straight month to register a year-over-year decrease in filings.
This graph shows Dane County foreclosure filings for every April dating back to 2004. As the graph shows, the foreclosure total this past April was the lowest since April of 2007, when 67 foreclosures were filed.
Year-to-Date Trend
The number of new Dane County foreclosure filings initiated year-to-date through the month of April decreased by 36.7% from the levels of 2012. A total of 334 filings were initiated year-to-date through April compared to 528 during the same time period in 2012.
Statewide foreclosures decreased by 32.9% from the levels of 2012. A total of 6,226 filings were initiated year-to-date compared to 9,277 in 2012. The following graph compares Dane County and Wisconsin year-to-date foreclosure growth through the month of April. The growth rates reflect the percent change from the number of foreclosures registered year-to-date through April of 2012.
Recent History
From the graph below you’ll see Dane County foreclosure activity has decreased for two straight years after increasing for six straight years. Foreclosure volume in 2012 ended the year slightly above the levels from 2008.
The following graph compares Dane County and Wisconsin foreclosure growth dating back to 2001. Prior to 2011, Dane County foreclosure growth had outpaced growth at the statewide level for 5 of the previous 6 years. Foreclosure growth in Dane County was lower than the statewide level in both 2011 and 2012.
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About Us
This information is provided courtesy of Dan Miller, Shawn Kriewaldt, Chris Venden, Dasha Shy, and Jodi Shehadi of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact: Don't forget: if you're buying or selling, whether your timeline is 3 months or 3 years, we can help.
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