Hattiesburg Area Housing Statistics: October 2013 vs. October 2014

As we shared in the last Sigma Realty e-newsletter, the realty market in the Pinebelt area improved in September based on last year’s statistics concerning the number of houses sold, median and average sold prices.

For those wanting to join us in following the progression of the real estate market in our area, here is some specific data from the Multiple Listing Service (MLS) for October.  These statistics are based on residential homes only and does not include land, multi-family or commercial properties.

 

ALL MLS	10/01/13-10/31/13	10/01/14-10/31/14	01/01/13-10/31/13	01/01/14-10/31/14
Homes Sold	120	107	1307	1300
Days on Market	88	90	97	100
Med. Sold Price	$122,750	$122,000	$134,000	$139,000
Avg. Sold Price	$135,785	$133,543	$145,345	$155,862

 

Forrest/Lamar Co. MLS	10/01/13-10/31/13	10/01/14-10/31/14	01/01/13-10/31/13	01/01/14-10/31/14
Homes Sold	91	87	1018	1006
Days on Market	89	91	97	97
Med. Sold Price	$130,000	$129,900	$142,412	$148,250
Avg. Sold Price	$148,943	$143,302	$158,581	$168,525

 

ALL MLS	10/31/13	10/31/14
Homes Actively for Sale	1091	1072
Forrest/Lamar Co. MLS	10/31/13	10/31/14
Homes Actively for Sale	769	774

Like most industries, the realty market tends to fluctuate a bit with some months being higher and others lower.  Over the past few months, we have seen a slow steady climb in selling prices but October 2014 dropped compared to October 2013.  The year to date for 2013 compared to 2014, however, continues to show an increase for median sold price and average sold price both locally in Lamar and Forrest Counties as well as across the entire MLS area.

 

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