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NORTHWEST MISSISSIPPI MARKET REPORT (JUNE)

By
Real Estate Agent with Bob Leigh & Assoc., LLC

NORTHWEST MISSISSIPPI MARKET REPORT  (JUNE)

SENATOBIA MISSISSIPPI REAL ESTATE
TATE COUNTY MISSISSIPPI REAL ESTATE
HERNANDO MISSISSIPPI REAL ESTATE

On July 23, 2008, there were 180 Active listings in Tate County (99 in Senatobia) in the Northwest Mississippi MLS. 

Gravel Springs house

The lowest priced listing in Senatobia is a 3BR, 2BA investment property listed at $49,500.

 

 

Yellow Dog estateThe highest priced listing in Senatobia is a 4BR, 4BA custom built home on 60 acres for $767,000.

The interesting thing about our rural market is that these 2 homes are right around the corner from each other.  The median price is $142,000.

 

In Sentobia, there were 14 units sold in June, 2008 with an average sales price of $147,790.  The average days on the market is 68 and the absorption rate is 56 weeks of inventory.

In Hernando, there are 289 Active listings with the median price being $234,900.  The lowest priced listing is a 19 yr. old mobile home on 2.5 acres for $60,000.  The highest priced listing is a 4BR, 2.5BA home on 95.8 acres for $1,584,000.

There were 34 sold units in Hernando in June, 2008.  The average sales price was $190,029.  The average days on the market was 125 and we currently have 37 weeks of inventory in Hernando.

All numbers are from NWMAR MLS and are deemed accurate but not guaranteed.

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