HERNANDO MISSISSIPPI MARKET REPORT - AUGUST 2008

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Real Estate Agent with Bob Leigh & Assoc., LLC

Hernando Mississippi Market Report
by Pam Simpson, Broker-Assoc.
The Kudzu Vine

DESOTO COUNTY MISSISSIPPI
HERNANDO 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.

Tate County Market Report

Northwest Mississippi Foreclosure Market Report

Pam Simpson, Broker-Assoc.
www.MShomeinfo.com

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