LEE COUNTY, Fla.-- The latest figures from Realty Trac paint a promising picture for the Sunshine State.
In January, no Florida metro areas were in the top 20 for foreclosure filings.
That's in sharp contrast to 2010, when 9 Florida metros topped that list.
Previously, the Cape Coral - Fort Myers metro area was second in the nation for foreclosure filings.
Cape Coral - Fort Myers now ranks 52 in the nation for foreclosure rate, with one in every 428 homes in the market facing foreclosure last month.
Florida foreclosure activity decreased on a month-over-month basis for the fourth straight month with nearly 22,000 properties receiving a foreclosure filing in january, a 42-month low.
But despite all this promising news, Florida still has the second highest number of properties in some stage of foreclosure, with the 9th highest foreclosure rate nationwide.