About Tate County, MS

Tate County MS Real Estate Market Report - March 2011

This month's market report for Tate County MS graphically illustrates the effect of foreclosures on the average sales price of homes sold. The number of homes sold in Tate County MS has increased to 10 sold in the month of March. However, the average sales price dropped to $99,436 and the average days on the market was 127.

Last month, all of the homes sold in Tate County were non-distress sales (no foreclosures). This month, over 60% of the homes sold were foreclosures and the average sales price reflects that.

Here are the comparisons to last month and the same time last year:

February 2011
sales: 8 Avg $159,843 Avg DOM 138

March 2010
sales: 23 Avg $122,710 Avg DOM 140

Sales by price range:

Sales by Area:

Currently, there are 190 residential properties for sale in Tate County MS which represents a 24.7 month supply of inventory.

• lowest price $18,000
• highest price $1,965,000
• median price $150,000

Approximately 8.4% of the available inventory are foreclosures.

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If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.

About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2011 by Pam Simpson. All rights reserved.

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

Tate County MS Real Estate Market Report - February 2011

Even though there were only 8 home sales in Tate County MS in the month of February, that is still an increase from the previous month. The average sales price was $159,843 and the average days on market was 138. Here are the comparisons to last month and same time last year:

January 2011
sold: 5 Avg $104,380 Avg DOM 94

February 2010
sold: 7 Avg $73,817 Avg DOM 146

Currently, there are 142 homes for sale in Tate County MS.

• low price $32,000
• high price $1,965,000
• median price $155,500

This number of homes for sale represent a 16.3 month supply of inventory. About 5.6% of the available homes for sale are foreclosures.

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If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.

About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2011 by Pam Simpson. All rights reserved.

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

Tate County MS Real Estate Market Report - January 2011

After seeing a slight increase in sales for December, Tate County experienced a sharp decline in both the volume of home sales as well as the average sales price for January.

There were only 5 home sales for the month of January with an average sales price of $104,380 and an average days on the market of 94. Here is the comparisons to last month and January of last year:

December 2010
sales: 13 Avg $150,630 Avg DOM: 109

January 2010
sales: 10 Avg $129,240 Avg DOM: 163

The city of Senatobia MS had the most sales in January:

There are 189 homes for sale in Tate County MS:

• low price $32,000
• high price $1,965,000
• median price $150,000

Because there are so many homes for sale in Tate County right now and due to the very low sales volume, we have a 23 month supply of homes. Approximately 8% of the homes for sale in Tate County MS are foreclosures.

*************************************************************************************

If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.

About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2011 by Pam Simpson. All rights reserved.

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

Tate County MS Real Estate Market Report - December 2010

Currently, there are 181 homes for sale in Tate County MS.

• Low list price $19,900
• High list price $815,000
• Median list price $154,900

Based on the sales figures for the last quarter of 2010, there is an 18.7 month supply of homes for sale in Tate County MS. Absorption rates have been over 1 year for Tate County MS throughout 2010. Foreclosures make up about 10% of the available homes for sale in Tate County MS.

December sales were up (almost double) from the previous month in Tate County MS to 13 homes with an average sales price of $150,630 and an average days on the market of 109.

Here are comparisons to last month and December of last year:

Nov 2010
sales: 7 Avg $120,185 Avg DOM 102

Dec 2009
sales: 15 Avg $108,666 Avg DOM 132

These next charts show which price range was the most popular in December 2010, which area of the county saw the most sales, and what percentage of the home sales in December were distressed vs. non-distressed properties.

Since I have been comiling these statistics for a number of years, I am able to chart home sales and average home prices over time. This next chart shows this data over a 4-year period:

As you can see, the number of home sales has steadily declined each year; however, the average home sales price rebounded this past year. Tate Countians are hopeful that their local economy will improve due to a solar panel manufacturing facility slated to open there later this year.

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If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.

About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2011 by Pam Simpson. All rights reserved.

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

Tate County MS Real Estate Market Report - November 2010

There were only 7 home sales in Tate County MS in the month of November. The average sales price was $120,185 and the average days on market was 102. Here are the comparisons to last month and same time last year:

October 2010
sold: 9 Avg $139,775 Avg DOM 246

November 2009
sold: 12 Avg $114,679 Avg DOM 137

Currently, there are 181 homes for sale in Tate County MS.

• low price $24,900
• high price $815,000
• median price $155,000

This number of homes for sale represent a whopping 20.1 month supply of inventory. That is almost 2 years worth of homes for sale. About 7.7% of the available homes for sale are foreclosures.

********************************************************************************

If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.

About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2010 by Pam Simpson. All rights reserved.

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.