Hernando MS Real Estate Market Report - March 2011
Currently, there are 238 homes available for sale in the Hernando MS area:
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.
Hernando MS Real Estate Market Report - February 2011
Hernando MS continues to see its sales volume increasing. There were 23 sales in February with an average sales price of $163,200 and an average days on the market of 127.
Here are the comparisons for sales from last month and the same time last year:
January 2011
sales: 15 Avg $155,466 Avg DOM 99
February 2010
sales: 25 Avg $180,968 Avg DOM 74
Sales in Hernando can be broken down into sales by type and sales by price.
Hernando MS sales by type:
Hernando MS sales by price:
Currently, there are 170 residential properties for sale in Hernando MS which represents an 8 month supply of inventory. Approximately 8.2% 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 - 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.
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.
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.
Olive Branch MS Real Estate Market Report - March 2011
Olive Branch MS is experiencing a steady housing inventory level. The absorption rate (the amount of time it would take to sell all of the existing homes on the market if they sold at the current rate) remains at a high of 10.8 months. There are currently 419 homes for sale in Olive Branch MS with a:
There were 48 homes sold in Olive Branch MS during the month of March 2011. The average sales price was $178,064 and the average days on the market was 139. Here are comparisions for last month and the same time last year:
February 2011
sales: 38 Avg. sales price $177,438 Avg DOM: 101
March 2010
sales: 69 Avg. sales price $176,947 Avg DOM: 115
The chart above shows that the most active price range in Olive Branch MS was the $100,000-$130,000 range. This would indicate a market predominately dominated by first-time homebuyers. Even though foreclosures make up 6.4% of the available homes for sale, they make up 33% of the homes sold in March.
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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.
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