Hi Everyone! 

I just wanted to let you know, that while July was a low month in terms of sales, August is better.

In fact the number of closed residential properties on the coast increased 7.2% from July

The actual number of closed residential properties went from 222 in July to 238 in August.  

However our average sales price and median sales price are still going down.

In July the Average sales price was $129,738

In July the Median  sales price was $110,000

In August the Average sales price   $118,782

In August the Median sales price     $94,000

The statistics are not a trend remember, In fact in August of the 238 home sales, 111 of them were all cash.

So investors looking to pick up foreclosures and low end property are out in force, and that is skewing the average and median price lower.

We will keep on watching our local Mississippi Gulf Coast every month so you can watch the month to month data unfolding.

This information is from the Gulf Coast MLS.  If you would like to know more, are in need of a REALTOR contact Gulf Coast Realty at 228-229-4685 or email at Info@GulfCoastRealty.Info

Gulf Coast Realty is a full service real estate company that serves the Mississippi Gulf Coast including, Gulfport, Biloxi, Ocean Springs, Pass Christian, Bay St. Louis, Long Beach, D'Iberville, St. Martin, Keesler AFB, and the Navy CB base.