Tate County MS Real Estate Market Report - Feb 2009
by Pam Simpson
The Kudzu Vine
Tate County MS saw 15 sold residential properties for the month of February with an average sales price of $124,987 and an average days on market of 70. Both the average sales price and the average DOM dropped from the previous month.
January 2009 Sold: 7 Avg. $125,986 Avg. DOM 120
February 2008 Sold: 17 Avg. $117,659 Avg. DOM 187
Here is a graph showing a breakdown of the location of the sold properties:
There are 174 Active residential listings in Tate County which represents a 14.1 month supply of inventory based on a 90-day average for sales. That means that if no more homes were placed on the market and the rate at which they sold matched the 90-day average, it would take 14.1 months to sell the existing inventory.
The price ranges of the existing Active listings is a low of $28,500 to a high of $495,000. The median price is $159,500. The percentage of current Tate County MS active listings that are foreclosures (including bank owned and HUDs) is 9.2%. That number has risen over the past couple of months and is not a good trend if you have a home currently on the market.
For comparisons to last months numbers, see the Tate County MS January Market Report.
About the author:
Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Tate County MS Real Estate Market Report - Feb 2009***
Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.