According to recent data compiled by the Equity Depot Atlanta Foreclosure Report, there has been a drop in foreclosure filings for the Atlanta metro area, dropping from 7,634 in August 2011 to 7,273 for August 2012. On a whole, foreclosure filings are down for the year thus far at a rate of 12 percent. Atlanta joins many other national markets where the depressed market values have been a direct result of nearby foreclosures, something that hopefully will change as the filings fall off.

The Atlanta movers note that a recent stabilization of home prices, a drop in inventory, and a desire to move lagging foreclosure properties off of the market for once and for all have contributed to the current state of the Atlanta housing market. The number of homes for sale is considerably lower than years past, a positive trend for a market looking to buckle down and make a serious move in the industry.

While the signs are pointing in the right direction, there is certainly still a considerable number of foreclosure properties on the market, and many more since the initial drop in 2008. Now it’s a matter of moving these stagnant properties and moving forward with the market.