rankin county ms market snapshot: First Quarter 2022: Brisk Sales in Rankin - Madison County MS - 04/02/22 08:52 AM
We all know it is a strong sellers market. Rates are great, homes are selling like hotcakes, and buyers are throwing money at sellers hand over fist. 
Inventory nationwide is low, and that is true in Central MS as well. I reviewed our local Multiple Listing Service (MLS) this morning and was inspired to share this data.
Let's talk statistics.
 
Rankin County, MS includes the cities of Brandon, Flowood, Pearl, Richland, Florence, Pelahatchie and Puckett. 158 homes are currently available for sale and priced between $98,000 to $4 million. The median price for sale is $388,000. The number of homes priced below $500,000 is … (5 comments)

rankin county ms market snapshot: Central MS Market Snapshot - August 2021 weekly sales - 09/17/21 03:52 PM
August and September 2021 have been a whirlwind of real estate activity. Many of you enjoy Central Mississippi's weekly report, so I am sharing the stats so you can tell at a glance how the month of August shaped up. 
The graph shows the number of listings taken each week per county, the number of closings, median sales price, and list to sale ratios.
Also shown is the supply of homes on the market for sale, the "inventory", and if no other homes came on the market, the "supply" of homes before we are completely sold out.
 

Inventory changes constantly. Realtors check the hotsheet … (3 comments)

rankin county ms market snapshot: Central MS Market Snapshot as of August 5, 2021 - 08/13/21 07:51 AM
What a busy week it has been in real estate! Listings, closings, negotiations, and more of the same this weekend. So while the weekly market update is late getting to you, here it is.
 
The graphic above shows  the closings for Hinds, Madison, and Rankin counties in Central MS for the week of July 30 - August 5. The number of closings appear on the left; median sales price, current inventory, list to sale price ratio, and supply of homes are shown on the right.
 
Keep in mind this is a snapshot of one weeks performance. You would want to look back at … (2 comments)

rankin county ms market snapshot: Central MS Market Snapshot as of July 29, 2021 - 08/04/21 09:16 AM
Central MS Realtors has published the closing information for the last week of July 2021. The report runs a week behind so the last two days of the month will be picked up on next weeks report.
 
The volume of closings is up as expected the last week of the month. Many home buyers choose to close as late in the month as possible so you'll notice a sharp increase toward the end of any given month.
 
Inventory in all three Central MS counties remains low, and homes are selling at an average of 100% of list price. 
 
Look at the supply of homes. … (2 comments)

rankin county ms market snapshot: Central MS Market Snapshot as of July 22, 2021 - 07/28/21 03:40 PM
The statistics are in for the 3rd week of July, 2021. You may wonder how this data affects you if you are looking to buy or sell a home in Central MS. Let's see what the numbers mean.
Our primary market area is Hinds, Rankin, and Madison County. You can review the stats for the particular area you are interested in. While I'm not a math wiz (and you may not be either), the numbers are revealing.
Compare the number of closings vs the number of new listings. In each case, the weekly closings exceed the number of new listings. This tells me … (6 comments)

rankin county ms market snapshot: Central MS Market Snapshot as of July 15, 2021 - 07/21/21 01:41 PM
Closings have been reported for the second week of July for the three primary counties in Central MS. Here's a look at the numbers:
You can tell by the chart above that Hinds County (Jackson, Clinton, Byram, and Terry) had the most closings, coming in with 60 closed sales for the week, followed closely by Rankin County (Brandon, Flowood, and Pearl) with 54 closed sales. Madison County had 27 closed sales. Although Madison County had the fewest number of closings, they led with the highest median price range, $276,000.
All three counties had an average list to sales price ratio of 100%, and … (3 comments)

rankin county ms market snapshot: Central MS Market Snapshot as of July 8, 2021 - 07/15/21 09:53 AM
Here's a glance at Central MS real estate statistics for last week. Inventory remains low as the sellers market continues. Sales prices ticked up from last week and homes are selling at 98-100% of list price.
Inventory (overall supply) is up slightly but we are a long way from reaching a neutral market.
What constitutes a sellers market? A sellers market is defined as a shortage of available homes, thus prices remain high and homes sell quickly. You'll see a buyers market when homes are plentiful. It's the basic law of supply and demand.
WHAT DOES IT ALL MEAN?
If you are a seller, it … (3 comments)

rankin county ms market snapshot: July 1, 2021 - Central MS Market Snapshot - 07/08/21 07:58 AM
The statistics are in for the last week of June, 2021. You'll notice a higher number of closings in Central MS for the end of June compared to the previous weeks statistics.  More homes close at the end of the month so it makes sense the numbers reflect that data.
This snapshot is provided by Central MS Realtors and reflects the closings from June 25 - July 1.
In this graphic, Hinds County (Jackson, Byram, Terry, Clinton) had 67 closed sales with a median sales price of $178,500 (up from 47 closings last week). Madison County (Madison, Ridgeland, Canton, etc) had 55 closings … (4 comments)

rankin county ms market snapshot: Central MS Market Snapshot - As of June 24, 2021 - 06/30/21 09:12 AM
Most of you know we are in a strong sellers market. You hear it on the news and from your friends, but what does it mean if you are a homebuyer or seller in the Central MS marketplace?
Let's talk numbers.
The statistics are provided by Central MS Realtors on a weekly basis. We will discuss the sales, active listings, etc., for June 18-24, 2021.
 
In this graphic, Hinds County (Jackson, Byram, Terry, Clinton) had 47 closed sales with a median sales price of $215,000. Madison County (Madison, Ridgeland, Canton, etc) had 39 closings with a median sales price of $285,000. Rankin County, which … (1 comments)

rankin county ms market snapshot: Rankin County MS ~ Market Snapshot for September 2010 - 10/13/10 07:07 AM
Rankin County, MS ~ Market Snapshot for September 2010

The number of homes for sale in Rankin County for the month of September totaled just over 1000, for an average list price of $214,002. The breakdown for each city follows:

For questions regarding this market snapshot for Rankin County, or if you are considering a home sale or purchase, I welcome your questions or comments.
Rankin County, one of the fastest growing counties in Mississippi,includes the cities of Brandon, Pearl, Flowood, Richland, Florence, Pelahatchie, Puckett, and several smaller communities. Brandon is the county seat.
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Pat Starnes-Front Gate Realty, 601-991-2900 Office; 601-278-4513 Cell (Front Gate Real Estate)

Pat Starnes-Front Gate Realty

601-991-2900 Office; 601-278-4513 Cell

Brandon, MS

More about me…

Front Gate Real Estate

Address: 6700 Old Canton Road, Suite C, Ridgeland, MS, 39157

Office: (601) 991-2900

Mobile: (601) 278-4513

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Pat Starnes, Realtor in Brandon, MS, shares real estate news and other items of interest in and around Brandon, Flowood and the Reservoir area.


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