Tate County MS Real Estate Market Report - December 2008
by Pam Simpson
The Kudzu Vine
Tate County, MS saw 15 residential properties sold in December. The average sales price was $124,553 and the average days on the market for those sold properties was 220 days (up considerabley from lat month).
Here are the comparisions to last month and December of last year:
November 2008: 14 sold Avg. $135,271
December 2007: 10 sold Avg. $121,403
Here is a graph showing where the most sales activity took place in December:
Tate County has 169 Active residential listings. Using a 3-month average for sales, this means there is currently an 11.8 month supply of inventory on hand.
The prices of those active listings range from a low of $33,900 to a high of $1,234,555. The median price is $168,900. The foreclosure market (as a percentage of the overall market) rose slightly in December to 5.3%.
For market comparisons to last month, see the Tate County Nov. 2008 Report.
Since this is the 2008 year-end report, I have drawn up a chart that shows comparisons for 2007 and 2008 from July through December of both years. There is one chart for number of units sold and other for average sales price.
The number of units sold flucuated, but remained fairly stable compared to 2007. Prices in 2008 have not taken a huge hit, but they have no reached the same highs we saw in 2007.
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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
Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.
About the author:
Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest Mississippi.
Copywright© 2009 by Pam Simpson. All rights reserved...***Tate County MS Real Estate Market Report - December 2008***
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