There were 46,000 foreclosures across the country last month, an 18 percent decline from 54,000 in April 2013, according to a new report from real estate data and analytics provider CoreLogic. Foreclosures were down 0.4 percent from March.

That drop was another sign of the foreclosure crisis across the country beginning to recede to pre-crisis levels. According to CoreLogic, the U.S. foreclosure inventory dropped 4.7 percent from March, and 35 percent from April 2013.  The number of seriously delinquent loans sank to 4.5 percent, the lowest rate since September 2008. April was the 16th consecutive month of 20 percent year-over-year declines in the foreclosure inventory.

"Over the past 12 months, completed foreclosures fell to 599,000, the lowest level since the Great Recession began in 2007. At the current pace of completed foreclosures, and given the current foreclosure inventory, it will take 14 months to move all of the foreclosed inventory through the pipeline," Sam Khater, deputy chief economist for CoreLogic, said in a statement.

Massachusetts ranked 24th among all states for the highest percentage of homes in foreclosure, with 1.2 percent of homes in the foreclosure inventory, according to CoreLogic. The number was down from 1.8 percent in April 2013.