Hernando MS Real Estate Market Report - Nov 2008
by Pam Simpson
The Kudzu Vine
There were only 14 residential properties sold in Hernando, MS during the month of November. The average sales price went down slightly to $196,762. The average days on the market (DOM) also went down to 100 days.
Comparisions for last month and last year:
October 2008 23 sold Avg. $204,177
November 2007 36 sold Avg. $184,172
The new subdivision, Robertson Place, saw the most sales activity.
There are currently 281 active residential listings in Hernando which translate into a 14.8 months supply of inventory (using a 3-month average). Current prices range from $45,000 to $1,500,000. The median price is $219,900.
Hernando's foreclosure listings currently make up 5.3% of the local market which is down from last month.
For market trend comparisions, see last month's Hernando Mississippi Market Report.
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FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates
FOR SELLERS: Pricing, Selling Tips
LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community
MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report
REALTOR STUFF: NAR, Real Estate and Media, Real Estate Agents
OTHER: Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions
About the author:
Pam Simpson is a Broker-Associate with Bob Leigh & Associates, LLC in Northwest Mississippi.
Copyright© 2008 By Pam Simpson, All Rights Reserved...**Hernando MS Real Estate Market Report - Nov 2008**
Disclaimer: All information provided by this author is based on information collected from several sources and is believed accurate but not guaranteed.
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