Hattiesburg Area Housing Statistics: September 2013 vs. September 2014

 As we shared in the last Sigma Realty e-newsletter, the realty market in the Pinebelt area improved in August based on last year’s statistics.   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 September.  These statistics are based on residential homes only and does not include land, multi-family or commercial properties.

 

ALL MLS	09/01/13-09/30/13	09/01/14-09/30/14	01/01/13-09/30/13	01/01/14-09/30/14
Homes Sold	110	138	1172	1181
Days on Market	97	109	98	101
Med. Sold Price	$130,000	$147,450	$135,000	$141,000
Avg. Sold Price	$149,977	$166,893	$146,345	$158,022

 

Forrest/Lamar Co. MLS	09/01/13-09/30/13	09/01/14-09/30/14	01/01/13-09/30/13	01/01/14-09/30/14
Homes Sold	88	107	915	909
Days on Market	97	107	98	97
Med. Sold Price	$136,500	$162,000	$143,000	$149,900
Avg. Sold Price	$165,587	$186,105	$159,545	$171,248

 

ALL MLS	09/30/13	09/30/14
Homes Actively for Sale	1,105	1,134
Forrest/Lamar Co. MLS	09/30/13	09/30/14
Homes Actively for Sale	789	810

 

The number of houses sold during September 2014 has increased over September 2013.  Both the median and average sold prices have risen locally in the Forrest/Lamar county areas and in the broader MLS area as well.

 

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Economic Growth Continues in Greater Hattiesburg

When it comes to fostering relationships with both local and international companies
as well as providing comprehensive and reliable information about businesses, statistics, and other economic news in the Pinebelt region, the Area Development Partnership (ADP) remains a great resource.

We recently asked Chad Newell, ADP President, about the outlook for our community and he stated "The economy in Greater Hattiesburg continues to outpace the state and nation as our region shines here in the Gulf South.  We are experiencing population growth 2.5 times the state rate and about 1.4 times the national rate while our unemployment rate has averaged 6.6% over the last twelve months. 

At the ADP, we continue to help local companies grow and prosper and recruit new ones from around the globe.  Green Bay Converting is the latest business recruitment project.  The company analyzed areas around the Southeast and selected our community for a new $48 million, 400,000 sq.ft. manufacturing facility that will employ 300 over a five year period.  General Dynamics Information Technology (GDIT) recently located a back-office customer service center in the Cloverleaf Center and has hired 1,200 employees during the last year.  With $2.5 billion annually in regional sales, the City of Hattiesburg ranks 2nd statewide in total sales. 
 

Housing sales remain strong with new construction underway throughout the market.  Consumer confidence continues to increase, thereby further stimulating the market as more consumers and businesses move forward with investment decisions.  I'm very optimistic about what the future holds for Greater Hattiesburg.  We appreciate Sigma's membership in the ADP as we strive to enhance the regional economy."

Sigma Realty and our sister company, Sigma Companies, offer complete services in Hattiesburg and outlying Pinebelt real estate. If we can help with construction, purchase and sales, property management and rentals, renovations or maintenance, through Sigma Realty, LLC or Sigma Companies, LLC, call Christa Saulters or David Saulters at 601-602-0046 visit us at www.sigma-realty.net.

 

ADP Recognizes Strong Housing Sales in Greater Hattiesburg

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