Hattiesburg Area Housing Statistics: 2013 vs. 2014

Over the past several years, the shift in the economy has impacted financial concerns and decisions both on individual basis as well as our community as a whole.  Like most markets, real estate took a hit but current reports and economic forecast have begun to exhibit streaks of positive news.  Here is some specific data from the Multiple Listing Service (MLS) to give a better idea of how the positive turn-around is being seen here at home.  These statistics are based on residential homes only and does not include land, multi-family or commercial properties.

 

All MLS	08/01/13- 08/31/13	08/01/14- 08/31/14	01/01/13- 08/31/13	01/01/14- 08/31/14
Homes Sold	122	123	1051	1037
Days on Market	104	108	98	100
Med. Sold Price	$139,900	$154,000	$135,700	$139,000
Avg. Sold Price	$162,271	$163,543	$146,450	$157,092

 

Forrest/Lamar Co. MLS	08/01/13- 08/31/13	08/01/14- 08/31/14	01/01/13- 08/31/13	01/01/14- 08/31/14
Homes Sold	90	97	820	798
Days on Market	101	104	98	96
Med. Sold Price	$140,500	$160,000	$144,239	$148,750
Avg. Sold Price	$178,112	$174,615	$159,234	$169,448

                                           

All MLS	08/31/13	08/31/14	Forrest/Lamar Co. MLS	08/31/13	08/31/14
Homes Actively for Sale	1085	1148		786	820

In addition to the majority of median sold prices and average sold prices increasing from 2013 to 2014, another indicator of forward change is the rise in the number of homes actively for sale in 2014.  The larger number of homes for sale is mirrored in the broader MLS market as well as specifically here in the Forrest/Lamar county areas.