The above graph represents the foreclosure activity in Tate County MS and DeSoto County MS during July, August and September of 2010. The black line represents how many new foreclosures were placed on the market each week while the green line represents the number of foreclosures that went under contract during the same time period. The city of Olive Branch MS has the highest number of foreclosures on the market right now (this is total number, not a per capita number).
The number of available homes for sale that are foreclosures is … (0 comments)
The above graph shows the Foreclosure Activity in the Northwest MS real estate market for April, May, and June 2010. During April and the first part of May, we had many more homes go under contract which resulted in a depletion of inventory. In the past couple of weeks, we have seen foreclosure inventory rise.
Foreclosures in Northwest MS represent less than 10% of all available homes for sale; however, they made up 1/4 of all homes sold during the months of April, May and June 2010.
Each week, I keep up with how many new foreclosures go up for sale and how many went under contract in my market area of Northwest MS. The above chart shows the recent activity from September of last year to the present. For the past several weeks, there have been more homes go under contract than ones being placed up for sale, reducing the inventory of foreclosures on the market. Foreclosures in Northwest MS have been out-pacing non-distress sales for quite some time.
Once again, Olive Branch MS has the highest … (2 comments)
foreclosure report: Northwest MS Foreclosure Market Report - December 2009
- 01/11/10 12:25 PM
Northwest MS Foreclosure Market Report - December 2009 I have been keeping statistics on my local Northwest MS foreclosure market for a number of years. Every Friday I see how many new foreclosure homes have been placed on the market and how many went under contract. Here is a chart that shows that activity over the past year:
Currently, 8.7% of the homes available for sale in Northwest MS are foreclosures; however, 22% of homes that sold in December 2009 were foreclosures.
The Northwest MS community … (2 comments)
foreclosure report: Northwest MS Foreclosure Market Report - August 2009
- 08/21/09 03:17 AM
Northwest MS Foreclosure Market Report - August 2009by Pam SimpsonThe Kudzu Vine I have been charting the foreclosure market in Northwest MS for a number of years now and keep up with the numbers on a weekly basis. The week ending Friday, August 21, 2009 saw 19 new foreclosures hitting the market. That same week, there were only 6 price reductions of foreclosures already on the market and 11 foreclosures went under contract. Here is a chart that shows the Northwest MS foreclosure activity since January of 2009. The blue line represents the new foreclosures added each week and the red … (3 comments)
foreclosure report: Northwest MS Foreclosure Market Report - June 2009
- 06/09/09 02:31 AM
Northwest MS Foreclosure Market Report - June 2009by Pam SimpsonThe Kudzu Vine The week ending June 5, 2009 saw 29 homes added to the foreclosure inventory in Northwest MS. There were 13 price reductions during that week and 18 went under contract. Here is a chart showing the Northwest MS Foreclosure Market Activity from May of 2008 to the present. The blue line represents homes added to the foreclosure inventory each week and the red line represents foreclosures which have sold each week.
At the time of this report, the foreclosure market consisted of approximately 6.1% of all active residential … (0 comments)
foreclosure report: Northwest Mississippi Foreclosure Market Report - March 2009
- 03/07/09 09:52 AM
Northwest Mississippi Foreclosure Market Reportby Pam SimpsonThe Kudzu Vine Desoto County MSTate County MSPanola County MSMarshall County MS For the week ending 3/6/2009, there were 19 foreclosures added to the Northwest MS MLS. There were 24 price reductions in existing foreclosures and 19 went under contract. Here is a chart showing the Foreclosure Activity in the 4-county area since March of 2008:
About 6.9% of the active listings in the Northwest MS market are foreclosures (including HUDs, REO, VA, Fannie Mae). That is a drop from 8.2% back in January. Here is a breakdown of the foreclosure market by community:
Olive … (0 comments)
foreclosure report: Northwest Mississippi Foreclosure Market Report - Jan. 2009
- 01/16/09 06:06 AM
Northwest Mississippi Foreclosure Market Report - Jan. 2009by Pam SimpsonThe Kudzu Vine Desoto CountyTate CountyPanola CountyMarshall County For the week ending 1/16/2009, there were 24 homes added to the foreclosure inventory in Northwest Mississippi. There were 31 price reductions this past week, and 11 went under contract. Here is a chart showing the foreclosure activity in the 4-county area from mid-March 2008 to the present.
After remaining fairly stable from November through the holidays, the number of homes added to the market jumped over the past 2 weeks. On the flip side, the number of pending sales has dropped off steadily … (6 comments)
foreclosure report: NW Mississippi Foreclosure Market Report - Nov. 2008
- 11/14/08 07:17 AM
NW Mississippi Foreclosure Market Reportby Pam SimpsonThe Kudzu Vine Desoto CountyTate CountyPanola CountyMarshall County I gather foreclosure data on my market every week. This week (ending 11/14/08) there were 13 foreclosure homes placed on the market, 32 had price reductions and 16 went under contract. That price reduction number got my attention because it usually hovers around 12-15. Here is a chart that shows the Foreclosure Activity in the 4-county area from mid-March to present:
As you can see, it's been a WILD roller coaster ride. With as many price reductions as we had this week, I believe the Pending/Sold … (3 comments)
foreclosure report: NORTHWEST MISSISSIPPI FORECLOSURE MARKET REPORT
- 09/24/08 06:53 AM
Northwest Mississippi Foreclosure Market Reportby Pam Simpson, Broker-Assoc.The Kudzu Vine Desoto CountyTate CountyPanola CountyMarshall County For the week ending 9/19/2008, there were 17 new foreclosure homes added, 12 price reductions, and 12 went under contract. Here is a chart showing the Foreclosure Activity in the 4-county area since mid-March to present:
About 5.4 % of the active listings in the Northwest Mississippi market are foreclosures. Here is a breakdown of the foreclosure market by community:
The most active area for foreclosure activity continues to be Olive Branch. It has been my experience that many foreclosure sellers are now pricing … (2 comments)
foreclosure report: NORTHWEST MISSISSIPPI FORECLOSURE MARKET REPORT
- 07/23/08 02:52 AM
NORTHWEST MISSISSIPPI MARKET REPORT 7/21/2008 Tate County MississippiDesoto County MississippiMarshall County MississippiPanola County Mississippi The week ending 7/17/2008 showed 17 new foreclosure homes placed on the MLS, 12 price reductions and 12 went under contract. Here is a graph showing the foreclosure market activity from mid-March to the present:
As you can see, the number of foreclosure homes that go under contract each week has remained fairly steady - between 10-15 on average. The number of new foreclosure homes placed on the MLS since the end of May has been sporadic. FYI - There was a very large "spec" builder … (2 comments)
foreclosure report: Northwest MS Foreclosure Market Report
- 06/20/08 03:42 AM
Foreclosure Market Report for Desoto and Tate Counties in Northwest Mississippi 6/20/08 I have been keeping track of the foreclosure market in my area (Desoto, Tate, Marshall, and Panola counties) for a couple of years. This week there were 6 new foreclosure homes placed on MLS, 10 had price reductions, and 11 went under contract. That is a reverse from what had been happening in previous weeks. In the past month, the trend was double digit additions of forelcosure homes to the MLS with a lesser number going under contract. Future weeks will let us know if this is a "blip" … (0 comments)
Foreclosures in Northwest MS - Fall 2010
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