Hello Everyone!
Well here are the stats for the Mississippi Gulf Coast for the month of October according to the MS Gulf Coast MLS.
Total Single family properties sold in October 195
Avergage Price of properties Sold in October $124,816
Median Price of properties Sold in October $110,000
These statistics show that October was a slow month for single family properties here on the coast.
The number of homes sold in September was 241 with about the same average sales price (124,550)
and a slightly higher median price of $117,900.
The number of homes sold compared to last year in October is down quite a bit. Oct 2009 the coast recorded 322 single family properties sold with an average price of $128,651 and a median price of $124,000
Here on the coast, the number of homes sold was going up slightly each month from July until October.
Is this just a blip? We will just have to wait to see how November goes.
In the meantime, this is a GREAT time to BUY! Interest rates and home prices are terrific, and even though the number of sales is down, the relative price has been pretty flat. So if you ever the was a time to say this is it....THIS IS IT
Have a great week! And for anyone intererested in finding a home, contact Gulf Coast Realty to show you what is out there. We also have Free Foreclosure lists and once a month on the First Tuesday of the month at 6:30pm a Free Home Buyer's Seminar!
