experience matters: Cheers to 35 Years in Real Estate
- 12/29/23 04:29 PM
I realized last week that I was approaching the end of my 35th year in the real estate industry. I've seen a lot of change in the last 35 years. I got into real estate when buyer agency didn't exist! Everyone represented the seller whether they realized it or not. I was licensed in 1988 and buyer agency didn't become a thing until the early 1990s. In those early years, I sold a lot of homes that required lead based paint letters. The government banned lead based paint in 1978 so anytime we sold a home built prior to that, we used … (29 comments)
experience matters: Central MS Market Snapshot as of July 8, 2021
- 07/15/21 09:53 AM
Here's a glance at Central MS real estate statistics for last week. Inventory remains low as the sellers market continues. Sales prices ticked up from last week and homes are selling at 98-100% of list price. Inventory (overall supply) is up slightly but we are a long way from reaching a neutral market. What constitutes a sellers market? A sellers market is defined as a shortage of available homes, thus prices remain high and homes sell quickly. You'll see a buyers market when homes are plentiful. It's the basic law of supply and demand. WHAT DOES IT ALL MEAN? If you are a seller, it … (3 comments)
experience matters: July 1, 2021 - Central MS Market Snapshot
- 07/08/21 07:58 AM
The statistics are in for the last week of June, 2021. You'll notice a higher number of closings in Central MS for the end of June compared to the previous weeks statistics. More homes close at the end of the month so it makes sense the numbers reflect that data. This snapshot is provided by Central MS Realtors and reflects the closings from June 25 - July 1. In this graphic, Hinds County (Jackson, Byram, Terry, Clinton) had 67 closed sales with a median sales price of $178,500 (up from 47 closings last week). Madison County (Madison, Ridgeland, Canton, etc) had 55 closings … (4 comments)
experience matters: Central MS Market Snapshot - As of June 24, 2021
- 06/30/21 09:12 AM
Most of you know we are in a strong sellers market. You hear it on the news and from your friends, but what does it mean if you are a homebuyer or seller in the Central MS marketplace? Let's talk numbers. The statistics are provided by Central MS Realtors on a weekly basis. We will discuss the sales, active listings, etc., for June 18-24, 2021.
In this graphic, Hinds County (Jackson, Byram, Terry, Clinton) had 47 closed sales with a median sales price of $215,000. Madison County (Madison, Ridgeland, Canton, etc) had 39 closings with a median sales price of $285,000. Rankin County, which … (1 comments)
I realized last week that I was approaching the end of my 35th year in the real estate industry. I've seen a lot of change in the last 35 years. I got into real estate when buyer agency didn't exist! Everyone represented the seller whether they realized it or not. I was licensed in 1988 and buyer agency didn't become a thing until the early 1990s.
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