Hernando MS Real Estate Market Report - August 2009

Hernando MS Real Estate Market Report - August 2009
by Pam Simpson
The Kudzu Vine

Hernando MS saw a decrease in the number of homes sold for the month of August at 27 residential sales. The average sales price was $154,535 and the average days on the market was 181.

Of the 27 sales in Hernando MS in August, 30% were foreclosures.

Here are comparisons for last month and last year:

July 2009
sales: 36 Avg. Price: $174,108 Avg. DOM: 128

August 2008:
sales: 31 Avg. Price: $191,852 Avg. DOM: 129

There are currently 250 active residential listings in Hernando MS with prices ranging from $37,500 to $1,100,000. The median price is $224,500.

There is a 9.3 month supply of housing inventory in Hernando. The number of active listings which are foreclosures represent 5.2% of the housing inventory.

<<<<< Hernando MS homes for sale

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About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Hernando MS Real Estate Market Report - August 2009***

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