Montgomery News

Montgomery County had the second lowest foreclosure rate among Maryland’s urban counties, according to an ATTOM Data Solutions analysis of property data.

One in 988 properties in the county, which is part of the Washington-Arlington-Alexandria Metropolitan Statistical Area (MSA), started the foreclosure process during the first quarter of the year.

The data shows 390 properties in Montgomery County with a foreclosure filing during the first three months of 2018. The county has more than 385,000 housing units. The foreclosure rate in the county is down 15.58 percent from the end of 2017 and down 45.45 percent from a year ago.

Prince George’s County in the Washington-Arlington-Alexandria metro area recorded the highest foreclosure rate (1 in 221 properties) for Maryland MSAs during the first quarter. And Frederick County, which is also part of the Washington metro area, had the lowest foreclosure rate for Maryland MSAs (1 in 1,115 properties). 

In all of Maryland, 6,286 properties started the foreclosure process in the first quarter – a 7.42 percent decrease over the fourth quarter of 2017 and a 25.65 percent decrease from this time last year.

Metropolitan statistical area foreclosure rates

Metro Statistical Area	County	Population	Housing Units	Q1 2018 Properties with Foreclosure Filings	Foreclosure Rate (Housing Units Per Foreclosure Filing)	Change from Q4 2017 (%)	Change from Q1 2017 (%)
Washington-Arlington-Alexandria, DC-VA-MD-WV	Prince George's County	897,693	330,708	1,499	221	-3.60	-0.13
Baltimore-Columbia-Towson, MD	Baltimore City	621,000	296,923	1,273	233	-7.49	-24.99
Washington-Arlington-Alexandria, DC-VA-MD-WV	Calvert	90,527	34,613	131	264	65.82	-16.03
Washington-Arlington-Alexandria, DC-VA-MD-WV	Charles	154,357	58,014	167	354	8.61	-47.77
Baltimore-Columbia-Towson, MD	Baltimore	825,666	337,031	945	357	5.35	-29.99
California-Lexington Park, MD	Saint Marys	110,675	43,276	114	380	-13.64	14.00
Baltimore-Columbia-Towson, MD	Harford	249,776	98,277	253	388	-15.10	-45.47
Salisbury, MD-DE	Wicomico	101,527	41,911	107	392	-12.30	8.08
Baltimore-Columbia-Towson, MD	Queen Anne's County	48,712	20,754	49	424	-28.99	4.26
Hagerstown-Martinsburg, MD-WV	Washington	149,571	61,199	143	428	-29.90	-39.41
Baltimore-Columbia-Towson, MD	Anne Arundel	559,737	219,319	506	433	-10.44	-17.18
Easton, MD	Talbot	37,668	20,110	45	447	50.00	28.57
Cumberland, MD-WV	Allegany	73,060	33,211	71	468	-5.33	7.58
Salisbury, MD-DE	Somerset	25,899	11,244	22	511	-38.89	-8.33
Baltimore-Columbia-Towson, MD	Carroll	167,535	63,123	103	613	-27.46	-43.41
Cambridge, MD	Dorchester	32,451	16,700	27	619	-25.00	-34.15
Baltimore-Columbia-Towson, MD	Howard	308,447	115,003	181	635	11.73	-30.65
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	Cecil	102,175	42,269	62	682	-39.81	-13.89
Salisbury, MD-DE	Worcester	51,441	55,822	57	979	-24.00	-51.69
Washington-Arlington-Alexandria, DC-VA-MD-WV	Montgomery	1,026,371	385,485	390	988	-15.58	-45.45
Washington-Arlington-Alexandria, DC-VA-MD-WV	Frederick	243,465	93,645	84	1,115	-45.10	-71.13

Source: ATTOM Data Solutions