Hi Everyone!
Well here are the Stats for Dec 2010 from the MS Gulf Coast MLS for residential homes in the area
Dec 2010 closed single family unit sales: 293
Dec 2010 Median Closed Price: $100,000
Dec 2010 Average Closed Price: $118,687
compared to Nov 2010:
Nov 2010 closed single family unit sales: 225
Nov 2010 Median closed price: $110,000
Nov 2010 Average closed price: $115,661
Well as you can see, the number of Closed homes for December is up! More buying is going on. This is good for the coast, good for the economy. But with the good, there is also some bad, the median price has dropped, and while the average price is up slightly,most economist feel that the median is less influenced by a very high or low price sale skewing the average. So we are trending to more buyers, and I believe that we will see higher sales volumes in 2011 in general. I also think that even with more foreclosures coming onto the market, that we are at the bottom of the market and have been for the last few months. If you would like any information on the state of real estate on the Mississippi Gulf Coast,call Gulf Coast Realty at 228-865-9998 or email at info@gulfCoastRealty.info Gulf Coast Realty serves the Mississippi Gulf Coast in homes, condos, land, investments, foreclosures, commercial and multi family properties. In the cities of Biloxi, Gulfport, Ocean Springs, Long Beach, Pass Christian, D'Iberville, Diamondhead, Bay St. Louis, and St. Martin area.
