Here are the stats for Residential homes/Condos on the Gulf Coast of Mississippi according to the Gulf Coast Multiple Listing Service.
Total homes sold (closed) in July 2010 was: 211
Average Price : $131,082
Median Price : $110,000
This compares to June 2010
Total homes sold (closed) in June 2010 was: 287
Average Price: $129,442
Median Price: $120,000
Now let's compare June & July 2010 with June & July 2009 so you get an better idea of the market
Total homes sold (closed) in July 2009 was: 245
Average Price: $155,394
Median Price: $136,100
And June 2009
Total homes sold (closed) in June 2009 was: 230
Average Price: $158,811
Median Price: $142,000
As you can see, July was both a slow month in the number of Sales and the average and median price is still declining. On a personal note, while the sales for July are down, I have seen more activity and more buyers writing contract in July then I had in the previous few months. I believe August sales will be higher in both dollar value and in number of sales. What do you think?
