For the first time in nearly two years, foreclosure filings in June rose year-over-year in Dane County.
But only by a single home. Circuit court records analyzed at DaneCountyMarket.com by Madison real estate agent Dan Miller showed 60 new foreclosures in June, up from 59 in June 2013, a slight 1.7 percent rise.
“I wouldn’t read too much into this,” Miller said, noting the broader pattern on filings is clearly down. “Right now, foreclosures are trending along 50 to 60 per month, which puts them on par with levels from 2006.”
Fewer foreclosures reflect a housing market in Dane County moving steadily past the housing crash. Dane County saw six straight years of annual foreclosure increases between 2004 and 2010, followed by three-plus years of decline as the filing rate now comes close to normal, even with June’s slight rise.
In fact, court records show deep year-over-year drops in filings for every month this year except June. Foreclosures were down by 43.7, 44.9, 17.1, 9.9 and 29.7 percent in January through May, respectively.
May also marked the 22nd straight month in Dane County with a year-over-year decline in filings. And statewide, June filings dropped — from 1,251 in June 2013 to 1,032. That’s a 17.5 percent decrease.