Home Sales Statistics for NE MS (Tupelo Region) - 10/17/10 08:32 PM
A quick compilation of housing numbers for the month of September 2010 are as follows:
 
Total Closed Sales:                   97     (decrease from 116 for month prior)
Total Foreclosures Sold:            30     (decrease from  31 for month prior)  Foreclosure/sales Ratio:          31%  (27% month prior)
Average Sold Price:          $98,658
   Lowest Sold Price:             9,900   Highest Sold Price:         315,000     (1,045 Days on Market)
Average List/Sell      Price Ratio                                91.4%
Average Days on Market            174     (solds)
Total Homes on Market   as of 9/30/2010                1,268    
 
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Purchasing Foreclosures and Cautionary Measures - 10/17/10 11:26 AM
Lately we have been inundated with news articles and blogs about what is happening within the foreclosure industry. Many folks may be concerned whether they should buy a distressed property or wait, or if they buy, whether they may have difficulty in procurring an owners title policy. Difficulties in acquiring title insurance for foreclosure properties are explained in the following blog;
Title Insurance Stopped on REO and Foreclosure Sales
posted by Richard Zaretsky, Florida Real Estate Attorney.  It is a must read and may help to solidify ones knowledge and insight insight into the foreclosure mess. Everything I have read make me want to question whether I … (3 comments)

 
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Randy Landis

Retired in Samar, Philippines

Tupelo, MS

More about me…

Retired in Samar

Address: 2000 Winfield Dr., Tupelo, MS, 38801

Office Phone: (662) 844-4624

Cell Phone: (662) 260-2626

Email Me

Broker Assistant and Real Estate Consultant to Jimmy Langley, Managing Broker and Chief Appraiser at Jimmy Langley Realty and Associates in Tupelo, MS. Tupelo Area Real Estate, home sales and marketing related information and discussions covering the NE MS area and beyond. Serving Tupelo, Belden, Saltillo, Guntown and surrounding communities. CAUTION - This blog MAY contain real-time comments and discussions surrounding the real estate industry, locally and beyond.


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