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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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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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.