Property Trax: Dane County foreclosures down by a quarter in November
Reporter Karen Rivedal tracks the trends in real estate locally and beyond, with a focus on the people who buy it, sell it, study it, talk about it, obsess about it and write about it.
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New foreclosures dropped by 25 percent in Dane County in November compared to last year, as the local market continued closing out the year strongly.
There were 59 filings in November compared with 79 in November 2012, according to circuit court cases analyzed by Keller Williams agent Dan Miller.
That makes the 16th consecutive month to see a year-over-year drop, including the first 11 months of this year and the last five of 2012 — which itself finished with the lowest foreclosure tally since 2008.
This November’s filings also were the lowest of any November in the past eight years, or since 2005, when there were 36. The highest number of November filings was in 2009, when there were 157.
The string of monthly declines started last year, when Dane County foreclosure filings in August, September, October, November and December fell year-over-year by 14.5 percent, 11 percent, 5.7 percent, 34 percent and 54 percent, respectively.
Foreclosures also fell year-over-year in March 2012, by 14.4 percent.