Tate County MS Real Estate Market Report - January 2011

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.

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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.