Atlanta Foreclosure Report: March 2011
Foreclosures notices for March 2011 in the Metro Atlanta market dipped slightly suggesting a possibly peak in the activity across the 13 county area and a glimmer of hope for the struggling market. The March total fell to 10,779 - a .6 percent drop from the February 2011 tally and a significant 14 percent dip from March 2010 numbers.
Foreclosure trend upward during the spring and summer months. In fact March 2010 saw a 22 percent rise from February 2010 -- so this decline, though welcomes, comes unexpectedly.
Even with the surprise drop in notices file this past month ... we're still 2 percent ahead of last year, which set an annual record.
Here's a quick breakdown of the top 5 counties and their totals:
Gwinnett County led with 2,338 total filings. Right behind Gwinnett is Fulton County with 1,928, DeKalb posted 1,688, Cobb 1,235 and Clayton lagged behind the more populous counties with 931.