McComb, MS, Residential Real Estate Market Report for February 2010*
By Thomas "Tommy" Morgan, Latter & Blum Hometown Realty ERA Powered
(Latter & Blum Hometown Realty ERA Powered Licensed in MS.)
McComb, MS, Residential Real Estate Market Report for February 2010* For the period Feb. 1-28, 2010, ten homes were sold in McComb. During this same period there were 20 homes put on the market (twice as many new listings as homes sold). At the time of this writing there are 176 residential listings. This means that we have a 17.6-month inventory of homes for sale. (Please see my recent blog about the state of the market in McComb, Pike County, SW MS. Because of the ratio used to figure the number of months of inventory—number of active listings divided by number of homes sold in one month--when only a few houses are being sold, the number of months of inventory can change by several months even when the number of active listings stays the same.) We are aiming for a four to six months’...