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Home Sales for the Mississippi Gulf Coast March 2011
Hi Everyone! Well here is the news for the Mississippi Gulf Coast for Single Family Units according to the Gulf Coast MLS. For March 2011 the number of SOLD homes was: 278 For February 2011 the number of SOLD homes was: 186 For March 2010 the nuber of SOLD homes was: 281 Median Price for March 2011: $96,550 Median Price for Feb. 2011: $96,500 Average Price for March 2011: $112,809 Average Price for Feb. 2011: $108,745 Median Price for March 2010: $125,000 Average Price for March 2010: $129,659 As you can see, HOME SALES have increased since Feb. of this year, and are about the same as March of last year. Also the Median and Average Price are pretty much the same from Feb. to March of this year, but are much lower than they were a year ago. Out of the 278 Sold homes in March 2011, 107 were ALL CASH deals. This leads me to speculate, that there is alot of lower priced homes selling to investors because of the Foreclosure market. I don't see us sinking, but rather just holding steady. So we have about the same amount of sales as last year in March, and we ... more
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