Hernando MS Real Estate Market Report - January 2011

Real Estate Agent with Bob Leigh & Assoc., LLC

Hernando MS Real Estate Market Report - January 2011

Currently, there are 223 homes available for sale in the Hernando MS area:

  • low price $40,000
  • high price $995,000
  • median price $194,900

These 223 homes mean that Hernando MS has a 10.5 month supply of homes.  Approximately 8% of the available homes are foreclosures.

Weather may have played a factor in the downturn in the number of home sales for the month of January.  Hernando MS saw an unusual amount of winter weather precipitation and cold temperatures in January and early February.

There were 15 homes that sold in Hernando MS in January with an average sales price of $155,466 and an average days on the market of 99.  Here are some comparisons to last month and January of last year:

December 2010
sales:  25     Avg $:  168,527     Avg DOM:  200

January 2011
sales:  8     Avg $:  205,800     Avg DOM:  84

Here is how the Hernando MS January sales break down by type (non-distress, foreclosures and short sales) as well as price range:


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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