market report: Hernando MS Real Estate Market Report - March 2011 - 04/23/11 03:08 PM
Hernando MS Real Estate Market Report - March 2011
Currently, there are 238 homes available for sale in the Hernando MS area:
low price $29,900 high price $995,000 median price $189,900
These 238 homes mean that Hernando MS has an 11.7 month supply of homes.  Approximately 9.7% of the available homes are foreclosures.
There were 24 homes that sold in Hernando MS in March with an average sales price of $187,024 and an average days on the market of 151.  Here are some comparisons to last month and March of last year:
February 2011sales:  23     Avg $:  163,200     Avg DOM:  127
March … (1 comments)

market report: Hernando MS Real Estate Market Report - February 2011 - 04/23/11 02:51 PM
Hernando MS Real Estate Market Report - February 2011
Hernando MS continues to see its sales volume increasing.  There were 23 sales in February with an average sales price of $163,200 and an average days on the market of 127.

 Here are the comparisons for sales from last month and the same time last year:
January 2011sales:  15     Avg $155,466     Avg DOM  99
February 2010sales:  25     Avg $180,968     Avg DOM  74
Sales in Hernando can be broken down into sales by type and sales by price.
Hernando MS sales by type:

Hernando MS sales by price:

Currently, there are 170 … (1 comments)

market report: Tate County MS Real Estate Market Report - March 2011 - 04/23/11 02:17 PM
Tate County MS Real Estate Market Report - March 2011
This month's market report for Tate County MS graphically illustrates the effect of foreclosures on the average sales price of homes sold.  The number of homes sold in Tate County MS has increased to 10 sold in the month of March.  However, the average sales price dropped to $99,436 and the average days on the market was 127.

Last month, all of the homes sold in Tate County were non-distress sales (no foreclosures).  This month, over 60% of the homes sold were foreclosures and the average sales price reflects that.

 
Here … (0 comments)

market report: Tate County MS Real Estate Market Report - February 2011 - 04/23/11 01:54 PM
Tate County MS Real Estate Market Report - February 2011
Even though there were only 8 home sales in Tate County MS in the month of February, that is still an increase from the previous month.  The average sales price was $159,843 and the average days on market was 138.  Here are the comparisons to last month and same time last year:
January 2011sold:  5          Avg $104,380          Avg DOM  94
February 2010sold:  7         Avg $73,817          Avg DOM  146




Currently, there are 142 homes for sale in Tate County MS.
low price $32,000 high price $1,965,000 median price $155,500 This number of homes … (0 comments)

market report: Olive Branch MS Real Estate Market Report - March 2011 - 04/21/11 02:22 PM
Olive Branch MS Real Estate Market Report - March 2011
Olive Branch MS is experiencing a steady housing inventory level.  The absorption rate (the amount of time it would take to sell all of the existing homes on the market if they sold at the current rate) remains at a high of 10.8 months.  There are currently 419 homes for sale in Olive Branch MS with a:
low price $25,000 high price $699,900 median price $185,000
There were 48 homes sold in Olive Branch MS during the month of March 2011.  The average sales price was $178,064 and the average days on … (0 comments)

market report: Olive Branch MS Real Estate Market Report - February 2011 - 04/21/11 01:52 PM
Olive Branch Real Estate Market Report - February 2011
Olive Branch MS experienced a rebound in both number of sales and average sales price in February over January of 2011.  Our unusually high amount of winter precipitation may have played a roll in the number of home sales not reaching the number sold in February of last year (40); however, the average sales price saw an increase of over $10,000.  Olive Branch MS had 38 sales in February 2011 with an average sales price of $177,438 and average days on the market of 101.

Here is how the numbers compare to last month and … (0 comments)

market report: Olive Branch Real Estate Market Report - January 2011 - 02/17/11 11:16 AM
Olive Branch Real Estate Market Report - January 2011
All three of the markets that I report on (Olive Branch, Hernando and Tate County) lost ground in January.  Olive Branch MS had 30 sales in January with an average sales price of $159,284 and average days on the market of 113.

Here is how the numbers compare to last month and same time last year:
December 2010sales     45     Avg $164,876     Avg DOM  90
January 2010sales     41     Avg $180,206     Avg DOM  157
I have analyzed the 30 sales to find out how many were "distressed" sales (foreclosures and short sales) and to … (0 comments)

market report: Hernando MS Real Estate Market Report - January 2011 - 02/17/11 11:08 AM
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 … (0 comments)

market report: Tate County MS Real Estate Market Report - January 2011 - 02/17/11 11:00 AM
Tate County MS Real Estate Market Report - January 2011
After seeing a slight increase in sales for December, Tate County experienced a sharp decline in both the volume of home sales as well as the average sales price for January.

There were only 5 home sales for the month of January with an average sales price of $104,380 and an average days on the market of 94.  Here is the comparisons to last month and January of last year:
December 2010sales:  13     Avg $150,630     Avg DOM:  109
January 2010sales:  10     Avg $129,240     Avg DOM:  163


The city … (0 comments)

market report: Hernando MS Real Estate Market Report - December 2010 - 01/14/11 06:23 AM
Hernando MS Real Estate Market Report - December 2010
 Currently, there are 220 homes for sale in Hernando MS.
Low list price $40,000 High list price $995,000 Median list price $192,000 Based on the sales figures for the last quarter of 2010, there is a 9.2 month supply of homes for sale in Hernando MS.  Absorption rates have remained fairly steady for the last 9 months after falling sharply after the first quarter of 2010.  Foreclosures make up about 8.2% of the available homes for sale.
 


December sales up slightly from the previous month in Hernando MS to 25 homes with an average sales price … (0 comments)

market report: Tate County MS Real Estate Market Report - December 2010 - 01/14/11 06:06 AM
Tate County MS Real Estate Market Report - December 2010
 Currently, there are 181 homes for sale in Tate County MS.
Low list price $19,900 High list price $815,000 Median list price $154,900 Based on the sales figures for the last quarter of 2010, there is an 18.7 month supply of homes for sale in Tate County MS.  Absorption rates have been over 1 year for Tate County MS throughout 2010.  Foreclosures make up about 10% of the available homes for sale in Tate County MS.



December sales were up (almost double) from the previous month in Tate County MS to … (0 comments)

market report: Northwest MS Foreclosure Report - Winter 2011 - 01/14/11 05:38 AM
Northwest MS Foreclosure Report - Winter 2011

The above graph represents the foreclosure activity in Tate County MS and DeSoto County MS during October, November and December of 2010.  The black line represents how many new foreclosures were placed on the market each week while the green line represents the number of foreclosures that went under contract during the same time period.
The city of Southaven MS has the highest number of foreclosures on the market right now (this is total number, not a per capita number).

The number of available homes for sale that are foreclosures amounts to a … (0 comments)

market report: Tate County MS Real Estate Market Report - November 2010 - 12/21/10 07:19 AM
Tate County MS Real Estate Market Report - November 2010
There were only 7 home sales in Tate County MS in the month of November.  The average sales price was $120,185 and the average days on market was 102.  Here are the comparisons to last month and same time last year:
October 2010sold:  9          Avg $139,775          Avg DOM  246
November 2009sold:  12         Avg $114,679          Avg DOM  137




Currently, there are 181 homes for sale in Tate County MS.
low price $24,900 high price $815,000 median price $155,000 This number of homes for sale represent a whopping 20.1 … (0 comments)

market report: Olive Branch MS Real Estate Market Report - November 2010 - 12/21/10 07:02 AM
Olive Branch MS Real Estate Market Report - November 2010
Currently, there are 450 homes for sale in Olive Branch MS which represents a 10.6 month supply. 
low price $31,500 high price $695,000 median price $179,500 About 7.3 % of the homes for sale in Olive Branch are foreclosures.

There were 44 homes that sold in November (same number as the previous month).  The average sales price was $167,621 and the average days on the market was 68.  Here are the comparisons to last month and same time last year:
October 2010sold:  44          Avg $178,924          Avg DOM  86
November 2009sold:  … (0 comments)

market report: Hernando Real Estate Market Report - November 2010 - 12/21/10 06:48 AM
Hernando Real Estate Market Report - November 2010
Both the number of homes sold and the average sales price were up in Hernando in November.  There were 24 homes sold with an average sales price of $197,291 and an average days on market of 116.  Here are the comparisons to last month and same time last year:
October 2010sold:  23          Avg $185,606          Avg DOM  85
November 2009sold:  28          Avg $173,443          Avg DOM  154

The price range that had the most sales in November was the $150,000-$170,000 range.


Currently, there are 226 homes for sale in Hernando MS.  That represents … (0 comments)

market report: Hernando MS Real Estate Sales Report - October 2010 - 11/15/10 11:41 AM
Hernando MS Real Estate Sales Report - October 2010
The county seat for DeSoto County MS, Hernando saw a slight dip in the sales numbers for October.  There were 23 homes sold with an average sales price of $185,606 and an average days on the market (for homes sold) of 85.  Here are the comparisons for last month and last year:
Sept. 2010sold:  25     Avg sales price:  $190,055     Avg DOM:  109
Oct. 2009sold:  29     Avg sales price:  $181,409     Avg DOM:  153

The price range with the most sales was the "$170,000 - $200,000" range:

Foreclosures make up less than … (0 comments)

market report: Tate County MS Real Estate Sales Report - October 2010 - 11/15/10 04:08 AM
Tate County MS Real Estate Sales Report - October 2010
The number of sales continued to decline in Tate County while the average sales price remained stable.  There were only 9 homes sold in Tate County MS in the month of October with an average sales price of $139,775 and an average days on the market (for homes sold) of 246.  Here are comparisons to last month and same time last year:
Sept. 2010sold:  11     Avg sales price:  $139,754     Avg DOM:  176
Oct. 2009sold:  14     Avg sales price:  $156,942     Avg DOM:  180

Most of the homes sold during the month … (2 comments)

market report: Olive Branch MS Real Estate Sales Report - October 2010 - 11/15/10 03:49 AM
Olive Branch MS Real Estate Sales Report - October 2010
Olive Branch MS currently has 481 homes for sale.
low price $20,500 high price $695,000 median price $180,000 Foreclosures make up 8.5% of the available homes for sale in Olive Branch MS.
Using an average of the number of sales from the past 3 months, Olive Branch MS has a 10.2 month supply of homes for sale.  As you can see from the graph below, that is the highest level since March.

There were 44 homes that sold in Olive Branch MS in the month of October.  The average sales … (2 comments)

market report: Hernando MS Real Estate Market Report - September 2010 - 10/07/10 02:54 PM
Hernando MS Real Estate Market Report - September 2010
Hernando MS saw the number of sales in September decrease while the average sales price increased.  This is the exact opposite of what occurred last month.  
There were 25 home sales in Hernando MS in August with the average sales price of $190,055 and an average days on the market for those 28 sales of 109. 
Here are the numbers for last month as well as the same time last year:
August 2010sales:  28     Avg. sale price $167,989     Avg. DOM:  116
Sept 2009sales:  33     Avg. sale price $203,874     Avg. DOM:  126
Year to date … (0 comments)

market report: Olive Branch MS Real Estate Market Report - September 2010 - 10/07/10 02:44 PM
Olive Branch MS Real Estate Market Report - September 2010
Olive Branch MS is still experiencing an increase in the housing inventory levels.  There are currently 492 homes for sale in Olive Branch MS with a:
low price $25,000 high price $695,000 median price $189,900
There were 39 homes sold in Olive Branch MS during the month of September 2010.  This is a 30% drop in sales from the previous month.  The average sales price was up to $186,657 and the average days on the market was 97.  Here are comparisions for last month and the same time last year:
August 2010sales:  59     Avg. sales … (0 comments)

 
Pam Simpson, GRI, Broker-Assoc. (Bob Leigh & Assoc., LLC) Rainmaker large

Pam Simpson

GRI, Broker-Assoc.

Senatobia, MS

More about me…

Bob Leigh & Assoc., LLC

Office: (662) 449-3530

Fax: (662) 449-3531

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Senatobia real estate, Tate County real estate, Hernando real estate, Desoto county real estate, HUD Homes, REO


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