Hernando MS Real Estate Market Report - February 2011

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 2011
sales:  15     Avg $155,466     Avg DOM  99

February 2010
sales:  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 residential properties for sale in Hernando MS which represents an 8 month supply of inventory.  Approximately 8.2% of the available homes for sale are foreclosures.

• lowest price $49,900
• highest price $995,000
• median price $199,000

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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.