Hernando Mississippi Market Report
by Pam Simpson, Broker-Assoc.
The Kudzu Vine
DESOTO COUNTY MISSISSIPPI
Hernando, Mississippi saw 29 residential properties sold in the month of August with an average sales price of $194,717. Here are the comparisons for current, last month, and last year solds.
August 2008: 29 sold Avg. Price $194,717
July 2008: 22 sold Avg. Price $189,969
August 2007: 51 sold Avg. Price $196,690
There are currently 272 Active Residential listings in Hernando which represents a 8.97 month supply. That number is down from last month which showed a 9.6 month supply. Foreclosures represent 3.7% of the Hernando market, which is up 1% from last month.
10 of the homes sold in August were new construction. The neighborhoods which saw the most activity were Forest Meadows, followed by Edgewater and Northwood Hills.
*Numbers from NWMAR MLS and believed accurate but not guaranteed.
Pam Simpson, Broker-Assoc.