Hernando MS Real Estate Market Report - March 2011

Hernando MS Real Estate Market Report - March 2011

Currently, there are 238 homes available for sale in the Hernando MS area:

• low price $29,900
• high price $995,000
• median price $189,900

These 238 homes mean that Hernando MS has an 11.7 month supply of homes. Approximately 9.7% of the available homes are foreclosures.

There were 24 homes that sold in Hernando MS in March with an average sales price of $187,024 and an average days on the market of 151. Here are some comparisons to last month and March of last year:

February 2011
sales: 23 Avg $: 163,200 Avg DOM: 127

March 2010
sales: 27 Avg $: 179,729 Avg DOM: 90

Here is how the Hernando MS March sales break down by type (non-distress, foreclosures and short sales) as well as price range:

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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.