Hernando MS Market Report - Jan 2009

Hernando MS Market Report - Jan 2009
by Pam Simpson
The Kudzu Vine

January saw 7 sold residential transactions in Hernando MS.  The average sales price increased to $213,657 but the average days on market (DOM) also increased to 250.

Here are the comparisons to last month/last year:

Dec 2008     15 sold     Avg $187,828     DOM 90
Jan 2008     13 sold     Avg $213,896     DOM 174

The January 2009 sales for Hernando were spread across the city and were not concentrated in any particular area.

There are 266 Active residential listings in Hernando MS.  Using a 90-day average, that represents a 22.2 month supply of inventory.  The prices range from a low of $43,000 to a high of $1,500,000 with the median at $219,900.

7.1 % of the current active listings are either HUD, REO or other foreclosure.

For comparisons to the previous month, see Hernando MS Market Report Dec. 2008.
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About the author:
 Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS.  Copyright©  2009 by Pam Simpson.  All rights reserved...***Hernando MS Market Report - Jan 2009***

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.