Montana Foreclosure Trends
The good new is – and the bad news is – that we do NOT have a nationwide trend in foreclosures! Montana ranks well below most for numbers of foreclosures but is about middle of the road as far as ratios are concerned. Currently there are approximately 396 foreclosures in Montana which doesn’t sound bad for as large of a state as what Montana is. However, this represents approximately 1 out of every 1099 homes. Comparatively, you have Nevada who has 1 out of every 92 homes in foreclosure and then you have neighboring South Dakota who has only 1 out of every 25,517 properties in foreclosure.
Flathead County leads the way in numbers with 82 foreclosures. However, Ravalli County’s 42 foreclosures represents 1 out of every 392 homes whereas Flathead’s ratio, because of its density, represents only 1 out of every 460 units.
For more information concerning foreclosure trends throughout Montana, Contact Us.
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