Foreclosure filings nationwide, which include default notices, auction sale notices, and bank repossessions, fell 3 percent in June from the previous month, according to RealtyTrac’s latest U.S. Foreclosure Market Report.

Despite this decrease, June’s total monthly filings of 252,363 still represent a 53 percent increase from June 2007, with one in every 501 U.S. households receiving a foreclosure filing during the month.

According to RealtyTrac CEO James J. Saccacio, June was the second straight month with more than a quarter million properties nationwide receiving foreclosure filings.

“Foreclosure activity slipped 3 percent lower from the previous month, but the year-over-year increase of more than 50 percent indicates we have not yet reached the top of this foreclosure cycle,” Saccacio said. “Bank repossessions, or REOs, continue to increase at a much faster pace than default notices or auction notices. REOs in June were up 171 percent from a year ago, while default notices were up 38 percent and auction notices were up 22 percent over the same period.”

A Look at the Numbers

The three states to take the top three spots for the highest foreclosure rate yet again: Nevada, California, and Arizona. At four times the national average, Nevada reported one in every 122 households receiving a foreclosure filing in June. One in every 192 California properties filed for foreclosure—2.6 times the national average. Not far from the Golden State and at No. 3, one in every 201 Arizona properties went through the foreclosure process.

Florida (one in every 211), Michigan (one in every 376), Ohio (one in every 382), Colorado (one in every 429), Georgia (one in every 444), Indiana (one in every 568), and Utah (one in every 600) were among the other states to round out the top 10.

A 5 percent decrease from May, but still a 77 percent increase from the previous year, California ranked No. 1 when it came to the highest number of foreclosure reported in any state, with 68,666 properties going into foreclosure in June.

Florida remained the state to post the second highest foreclosure total, reporting 40,351 properties filing for foreclosure—an 8 percent increase from May and a 92 percent spike from June 2007.

A large difference than it’s predecessor but still coming in at No. 3 nonetheless, Ohio had 13,194 properties file for foreclosure in June. This marks a 7 percent increase when compared to the previous month and an 11 percent increase from the previous year for Ohio’s foreclosure activity.

The other top 10 states: Arizona (12,950 properties), Michigan (12,025 properties), Texas (11,052 properties), Georgia (8,714 properties), Nevada (8,713 properties), Illinois (8,157 properties), and New York (5,367 properties).

A Nod to the Metros

In June, 9 out of the 10 top metro foreclosure rates were reported from California and Florida cities. California held the top three rates: Stockton, with one in every 72 households receiving a foreclosure filing; Merced, with one in every 77 households receiving a foreclosure filing; and Modesto, with one in every 86 households receiving a foreclosure filing.

The fourth top metro foreclosure rate was held by Florida’s Cape Coral-Fort Myers, with one in every 91 household receiving a foreclosure filing.

Las Vegas was the only city outside of California and Florida to rank in the top ten. Coming in at No. 6, one in every 99 Las Vegas households filed for foreclosure. Jacqueline Gilbert