Tate County MS Real Estate Market Report - August 2009

Tate County MS Real Estate Market Report - August 2009
by Pam Simpson
Desoto-Tate County Real Estate

The month of August closed out with 18 residential sales in Tate County MS with an average sales price of $91,325. The average days on the market for those sales was 140.

Foreclosure sales jumped to a whopping 67% of the total August sales. That would seem to account for the drop in sales price.

Here are comparisions for last month and last year:

July 2009
sales: 18 Avg. Price: $117,967 Avg. DOM: 263

August 2008
sales: 14 Avg. Price: $117,215 Avg. DOM: 128

Here is a graph that shows which areas in Tate County MS had the most sales:

Currently, there are 183 Active residential listings in Tate County MS. The prices range from a low of $41,650 to a high of $1,300,000. The median list price is $168,500.

These 183 current listings represent a 12 month supply of inventory and 6% of the current listing inventory are foreclosures.

For last months complete market report, see: Tate County MS July 2009 Real Estate Market Report.

<<<Tate County MS Homes for Sale

************************************************************************************
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...***Tate County MS Real Estate Market Report - August 2009***

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

REALTOR STUFF: NAR, Real Estate and Media, Real Estate Agents

OTHER: Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions

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