Tate County MS Real Estate Market Report - March 2011

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 are the comparisons to last month and the same time last year:

February 2011
sales:  8     Avg $159,843     Avg DOM  138

March 2010
sales:  23     Avg $122,710     Avg DOM  140

Sales by price range:

Sales by Area:

 Currently, there are 190 residential properties for sale in Tate County MS which represents a 24.7 month supply of inventory.

• lowest price $18,000
• highest price $1,965,000
• median price $150,000

Approximately 8.4% of the available inventory are foreclosures.

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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.