According to RealtyTrac, foreclosure activity is up 6% in February of 2010 compared with the same time period in 2009. This represents the smallest increase in activity in 4 years. To me, that doesn't mean we are seeing improvement and there isn't anything to indicate that we are heading towards consistent year of year decreases in foreclosures so in my opinion, this is still more bad news for home values.

Locally, foreclosure sales in February of 2010 were 1245 compared with 1430 sales for the same time period in 2009. Interestingly, non-foreclosure sales in 2010 totaled 1598 meaning that foreclosure sales made for about 44% of sales in 2010 while in 2009 non-foreclosure sales were 1512 or 48.6% of sales. In 2008, non-foreclosure sales totaled 2182 with…

This information is compiled by Chartmasters for Keller Williams Realty Consultants. It is far more comprehensive and accurate than what you may find in the AJC or anywhere else. I am fortunate to work with an organization who can provide its agents critical information that we can use to help clients in a market that requires this information more than ever. It's also right up my alley as I enjoy understanding the market. This is a graphics heavy post of charts so if you have any questions, please reply in the comments below and I will answer or clarify anything you may see. As soon as I can find a link, I will post the credit to Chartmasters, I just can't seem to find it online right now. Nevertheless, the charts below will shed some light on what is…