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 13 homes with an average sales price of $150,630 and an average days on the market of 109.
Here are comparisons to last month and December of last year:
Nov 2010
sales: 7 Avg $120,185 Avg DOM 102
Dec 2009
sales: 15 Avg $108,666 Avg DOM 132
These next charts show which price range was the most popular in December 2010, which area of the county saw the most sales, and what percentage of the home sales in December were distressed vs. non-distressed properties.
Since I have been comiling these statistics for a number of years, I am able to chart home sales and average home prices over time. This next chart shows this data over a 4-year period:
As you can see, the number of home sales has steadily declined each year; however, the average home sales price rebounded this past year. Tate Countians are hopeful that their local economy will improve due to a solar panel manufacturing facility slated to open there later this year.
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If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.
About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2011 by Pam Simpson. All rights reserved.
FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide
FOR SELLERS: Pricing, Selling Tips
LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community
MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report
Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.
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