hernando ms report: Hernando MS Real Estate Market Report - March 2011 - 04/23/11 10:08 PM
Hernando MS Real Estate Market Report - March 2011
Currently, there are 238 homes available for sale in the Hernando MS area:
low price $29,900 high price $995,000 median price $189,900
These 238 homes mean that Hernando MS has an 11.7 month supply of homes.  Approximately 9.7% of the available homes are foreclosures.
There were 24 homes that sold in Hernando MS in March with an average sales price of $187,024 and an average days on the market of 151.  Here are some comparisons to last month and March of last year:
February 2011sales:  23     Avg $:  163,200     Avg DOM:  127
March … (1 comments)

hernando ms report: Hernando MS Real Estate Market Report - February 2011 - 04/23/11 09:51 PM
Hernando MS Real Estate Market Report - February 2011
Hernando MS continues to see its sales volume increasing.  There were 23 sales in February with an average sales price of $163,200 and an average days on the market of 127.

 Here are the comparisons for sales from last month and the same time last year:
January 2011sales:  15     Avg $155,466     Avg DOM  99
February 2010sales:  25     Avg $180,968     Avg DOM  74
Sales in Hernando can be broken down into sales by type and sales by price.
Hernando MS sales by type:

Hernando MS sales by price:

Currently, there are 170 … (1 comments)

hernando ms report: Hernando MS Real Estate Market Report - January 2011 - 02/17/11 07:08 PM
Hernando MS Real Estate Market Report - January 2011
Currently, there are 223 homes available for sale in the Hernando MS area:
low price $40,000 high price $995,000 median price $194,900
These 223 homes mean that Hernando MS has a 10.5 month supply of homes.  Approximately 8% of the available homes are foreclosures.
Weather may have played a factor in the downturn in the number of home sales for the month of January.  Hernando MS saw an unusual amount of winter weather precipitation and cold temperatures in January and early February.
There were 15 homes that sold in Hernando MS in … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - December 2010 - 01/14/11 02:23 PM
Hernando MS Real Estate Market Report - December 2010
 Currently, there are 220 homes for sale in Hernando MS.
Low list price $40,000 High list price $995,000 Median list price $192,000 Based on the sales figures for the last quarter of 2010, there is a 9.2 month supply of homes for sale in Hernando MS.  Absorption rates have remained fairly steady for the last 9 months after falling sharply after the first quarter of 2010.  Foreclosures make up about 8.2% of the available homes for sale.
 


December sales up slightly from the previous month in Hernando MS to 25 homes with an average sales price … (0 comments)

hernando ms report: Hernando Real Estate Market Report - November 2010 - 12/21/10 02:48 PM
Hernando Real Estate Market Report - November 2010
Both the number of homes sold and the average sales price were up in Hernando in November.  There were 24 homes sold with an average sales price of $197,291 and an average days on market of 116.  Here are the comparisons to last month and same time last year:
October 2010sold:  23          Avg $185,606          Avg DOM  85
November 2009sold:  28          Avg $173,443          Avg DOM  154

The price range that had the most sales in November was the $150,000-$170,000 range.


Currently, there are 226 homes for sale in Hernando MS.  That represents … (0 comments)

hernando ms report: Hernando MS Real Estate Sales Report - October 2010 - 11/15/10 07:41 PM
Hernando MS Real Estate Sales Report - October 2010
The county seat for DeSoto County MS, Hernando saw a slight dip in the sales numbers for October.  There were 23 homes sold with an average sales price of $185,606 and an average days on the market (for homes sold) of 85.  Here are the comparisons for last month and last year:
Sept. 2010sold:  25     Avg sales price:  $190,055     Avg DOM:  109
Oct. 2009sold:  29     Avg sales price:  $181,409     Avg DOM:  153

The price range with the most sales was the "$170,000 - $200,000" range:

Foreclosures make up less than … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - September 2010 - 10/07/10 09:54 PM
Hernando MS Real Estate Market Report - September 2010
Hernando MS saw the number of sales in September decrease while the average sales price increased.  This is the exact opposite of what occurred last month.  
There were 25 home sales in Hernando MS in August with the average sales price of $190,055 and an average days on the market for those 28 sales of 109. 
Here are the numbers for last month as well as the same time last year:
August 2010sales:  28     Avg. sale price $167,989     Avg. DOM:  116
Sept 2009sales:  33     Avg. sale price $203,874     Avg. DOM:  126
Year to date … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - August 2010 - 09/07/10 02:27 PM
Hernando MS Real Estate Market Report - August 2010
Hernando MS saw mixed results for the month of August.  The number of sales increased while the average sales price saw a decrease.
There were 28 home sales in Hernando MS in August with the average sales price of $167,989 and an average days on the market for those 28 sales of 116. 
Here are the numbers for last month as well as the same time last year:
July 2010sales:  27     Avg. sale price $170,018     Avg. DOM:  88
August 2009sales:  27     Avg. sale price $154,535     Avg. DOM:  180
Year to date Hernando … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - July 2010 - 08/07/10 01:41 PM
Hernando MS Real Estate Market Report - July 2010
Hernando MS saw a decrease in all of the numbers for the month of July.  The good news was that the average days on the market dropped below 100, the bad news is that the number of homes sold and the average sales price also fell.
There were 27 homes sold in Hernando MS with an average sales price of $170,018 and an average days on the market of 88.  Here are the numbers for last month and July of last year:
June 2010sales:  30     avg $182,980     avg DOM  157
July 2009sales:  … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - June 2010 - 07/09/10 09:47 PM
Hernando MS Real Estate Market Report - June 2010
Hernando MS saw a slight increase in the number of homes sold for the month of June compared with the previous month.  There were 30 residential sales in Hernando MS with an average sales price of $182,980 and an average days on the market of 157.

Here is how those numbers compare to the last month and the same time last year:
May 2010sales:  33     avg $185,431     avg DOM  96
June 2009sales:  31     avg $165,633     avg DOM 183
The next charts show how the Hernando MS real estate sales for June … (0 comments)

hernando ms report: Hernando MS Real Estate Report - May 2010 - 06/11/10 02:39 PM
Hernando MS Real Estate Report - May 2010
While Hernando MS saw a slight decrease in the number of sales for May, we also saw an increase in the sales price and a decrease in the days on the market.
There were 33 sales in May in Hernando MS with an average sales price of $185,431 and an average days on the market of 96.  Here are the comparison to last month and same time last year:
April 2010sales:  38     Avg $159,879     Avg DOM  112
May 2009sales:  26     Avg $192,985     Avg DOM  120

The sales in Hernando MS for May … (1 comments)

hernando ms report: Hernando MS Real Estate Market Report - April 2010 - 05/16/10 07:18 PM
Hernando MS Real Estate Market Report - April 2010
Hernando MS continues to see its sales volume increasing.  There were 38 sales in April with an average sales price of $159,879 and an average days on the market of 112.

 
Here are the comparisons for sales from last month and the same time last year:
March 2010sales:  25     Avg $163,355     Avg DOM  92
April 2009sales:  35     Avg $159,084     Avg DOM  98
Sales in Hernando can be broken down into sales by type and sales by price.
Hernando MS sales by type:

Hernando MS sales by price:

Currently, there … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - March 2010 - 04/09/10 01:08 PM
Hernando MS Real Estate Market Report - March 2010
Unlike Olive Branch MS and Tate County MS, Hernando MS did not see any increase in sales over last month.  There were 25 homes sold last month in Hernando with an average sales price of $163,355 and an average days on the market of 92.
Here are the comparisons to last month and same time last year:
Feb. 2010sales:  25          Avg $180,056          Avg DOM 74
March 2009sales:  18          Avg $146,275          Avg DOM 113


Unlike some of the other Northwest MS communities, Hernando MS had more non-distress sales than foreclosures and short sales.

(1 comments)

hernando ms report: Hernando MS Real Estate Market Report - February 2010 - 03/09/10 01:39 PM
Hernando MS Real Estate Market Report - February 2010
There was a significant increase in sales from January to February.  In February, there were 25 residential sales in Hernando MS with an average sales price of $180,056 and average days on the market of 74.


Here are comparisons to last month, and same month last year:
January 2010sales:  8     Avg $205,800     Avg DOM  84
February 2009sales:  20     Avg $162,958     Avg DOM  148
Currently, there are 245 homes on the market in Hernando MS:
lowest list price $32,900 highest list price $950,000 median list price $195,000 Based on the average … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - January 2010 - 02/10/10 07:57 PM
Hernando MS Real Estate Market Report - January 2010
Hernando MS only had 8 sales for the first month of 2010.  The average sales price was $205,800 and the average days on the market was 84.


Here are the comparisons for last month and the same time last year:
December 2009sales:  17     Avg $183,355     Avg DOM  108
January 2010sales:  11     Avg $185,227     Avg DOM  256
Currently, there are 248 homes for sale in Hernando MS which represents a 14.3 month supply of homes.  Foreclosures make up 5.2% of available homes for sale.
low price $59,900 high price $950,000 median … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - December 2009 - 01/11/10 04:15 PM
Hernando MS Real Estate Market Report - December 2009
There were only 17 home sales in Hernando MS in the month of December which is down from the previous month.  The average sales price was up to $183,355 and the average days on the market was 108.
Foreclosures made up 41% of the home sales.
Here are the comparisons to last month and December of last year:
Nov 2009sales:  27          Avg $171,348          Avg DOM  121
Dec 2008sales:  19          Avg $167,017          Avg DOM  89



This next chart shows the pricing decline in Hernando MS over the past 2 years:

(0 comments)

hernando ms report: Hernando MS Real Estate Market Report - November 2009 - 12/11/09 11:31 AM
Hernando MS Real Estate Market Report - November 2009by Pam SimpsonThe Kudzu Vine
Hernando MS had 27 residential sales in the month of November with an average sales price of $171,348 and an average number of days on the market of 121.

Out of those 27 sales, 26% were foreclosures which is a huge jump from the previous month.
Here are those same stats for the prior month and prior year:
October 2009sales   28          avg $180,745          avg DOM  156
November 2008sales   17          avg $177,956          avg DOM  101
Currently, there are 243 Active residential listings in Hernando MS with prices ranging … (0 comments)

hernando ms report: Hernando MS Real Estate Market Report - October 2009 - 11/08/09 09:04 PM
Hernando MS Real Estate Market Report - October 2009by Pam SimpsonThe Kudzu Vine
Hernando MS had 28 residential sales in the month of October with an average sales price of $180,745.  The average days on the market was 156. 
The percentage of sales that were foreclosures was 7% which is down significantly from the previous month.
Note:  The average sales price in September was skewed by an unusually large sale.

Here are the comparisons for last month and last year:
September 2009Sales  31          Avg $206,600          Avg days on market  126
October 2008Sales  30          Avg $201,147          Avg days on market  133
(0 comments)

hernando ms report: Hernando MS Real Estate Market Report - September 2009 - 10/06/09 09:33 AM
Hernando MS Real Estate Market Report - September 2009by Pam SimpsonThe Kudzu Vine
There were 31 residential sales in Hernando MS for the month of September which is a slight increase over the previous month.  The average sales price was $206,600 and the average days on the market was 126.
The average sales price jumped due to one particular sales that was in excess of $600,000. 
Foreclosure sales made up 10% of all homes sold in Hernando MS during the month of September.
Here are comparisions for last month and last year:
August 2009sales:  27       Avg. Price:  $154,535       Avg. DOM:  181
(0 comments)

hernando ms report: Hernando MS Real Estate Market Report - August 2009 - 09/11/09 12:34 PM
Hernando MS Real Estate Market Report - August 2009by Pam SimpsonThe Kudzu Vine
Hernando MS saw a decrease in the number of homes sold for the month of August at 27 residential sales.  The average sales price was $154,535 and the average days on the market was 181.

Of the 27 sales in Hernando MS in August, 30% were foreclosures.
Here are comparisons for last month and last year:
July 2009sales:  36     Avg. Price:  $174,108     Avg. DOM:  128
August 2008:sales:  31     Avg. Price:  $191,852     Avg. DOM:  129
There are currently 250 active residential listings in Hernando MS with prices ranging from … (0 comments)

 
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Pam Simpson

GRI, Broker-Assoc.

Senatobia, MS

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Bob Leigh & Assoc., LLC

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