Picayune, Ms Real Estate Market Report
Through 5/31/2016 (updated 6/22/2016)
Below is the current real estate market report for Picayune, Ms and the surrounding areas. This data was collected and assembled by Lee Thomas of the Lee Thomas Real Estate Team, from the Pearl River Board of REALTORS (PRBOR) Multiple Listing Service (MLS). This data represents all residential sales that were listed or sold by a member of the PRBOR. It does not include properties that were for sale by owner (accuracy + or -5%).
Properties currently on the market 363
Properties sold in the last 12 months (6/1/2015 to 5/31/2016) 509
363/509 = .713163 X 12 = 8.5 months supply
This report compares changes in the Picayune real estate market between June 1, 2014 to May 31, 2015 and June 1, 2015 to May 31, 2016.
The total dollar volume saw a significant gain of 26.68% form $60,153,097 to $76,202,362.
The number of units sold increased by 12.58% from 453 to 510.
The average price range made a dramatic shift from the $120,000.00-$139,999.99 range to the $140,000.00 to $159,999.99 with over 59 units sold in the last 12 months.
The highest dollar volume was in the $200,000.00 to $249,999.99 range at $12,455,500. An increase of over 33% and $3 million in sales from 2014 to 2015.
The biggest change in units and dollar volume was also in the $200,000.00 to $249,999.99 range with an increase of 14 units and $3 million in sales. The biggest change in percentage gains/losses was in the $400,000.00 to $499,999.99 range with a decrease of 100% from 3 to 0 units.
This report compares changes in the market for the 1st Quarter of 2015 and the 1st Quarter of 2016
The total dollar volume saw an increase in sales from $11,111,930 to $15,618,799. An increase of $4,506,869 or 40.56%.
The number of units sold also saw a 8.79% increase from 91 to 99.
The biggest gain in the 3rd quarter was in the $300,000.00 to $399,999.99 range with an increase of $1,299,500 or 200%.