Hello Everyone!
Just looked at the Number of residential sales for the Mississippi Gulf Coast for July 2011. The GOOD NEWS is that we sold 244 homes in July of 2011 compared to only selling 227 homes in July of 2010. So more buyers are returning to the market to start to buy. That's about a 7% increase in the number of homes from last year in July.
However, the Median and Average price of homes is down from this time last year and down from the month of June 2011 also. In fact the number of sales dropped from June to July also.
Here is the breakdown of home sales for the Mississippi Gulf Coast according the Gulf Coast MLS
JULY 2011
Number of Homes SOLD 244
Median Price $88,503
Average Price $111,490
JULY 2010
Number of Homes SOLD 227
Median Price $110,000
Average Price $128,565
JUNE 2011
Number of Homes SOLD 327
Median Price $116,000
Average Price $129,627
So we are down from June of this year in every category, up in number of homes SOLD from this year compared to last year for the same month, but we are also down in home values in all ways.
If you are looking for information on the housing market in Gulfport, Biloxi, Ocean Springs, Long Beach, Pass Christian, Bay St. Louis, St. Martin or D'Iberville- Call Gulf Coast Realty at 228-865-9998 or email us a Info@GulfCoastRealty.Info
Gulf Coast Realty is a full service real estate company serving the Missisippi Gulf Coast and providing housing information for all. For schools, or other info go to http://GulfCoastRealty.Info
