Well the Wall Street Journal in an article from July 12, said, "The housing market has turned- At last." And in my last
blog on housing stats for May 2012, I said how the last 2 months showed positive upward movement in number of sold homes and in the prices of the homs. However, June's stats are running contrary to the last 2 months and to the WSJ report.
Here is the breakdown for the Mississippi Gulf Coast Single Family unit Sales for June 2012 as compared to May 2012 and June 2011 according to the MS Gulf Coast MLS Single Family Unit Sales.
Single Family Units SOLD: 289
Median Price: $100,000
Average Price: $123,220
Single Family Units SOLD: 312
Median Price: $105,000
Average Price: $121,135
Single Family Units SOLD: 307
Median Price: $113,000
Average Price: $126,008
As I have said before, all real estate is local. So despite the Wall Street Journal, it appears that we are still here on the coast bumping up and down on the bottom. While we had 2 months of upward trend, June puts a damper of a complete turn. However, talking with agents across the coast, most seem to believe that they are seeing more activity and more interest now. I too, believe that people are more confident now in our local area. I will keep you all posted.
In the meantime, if you would like to know how the market is in your neighborhood, call Gerard Maher with Gulf Coast Realty at 228-229-4685 or email me at CallGman1@gmail.com I will be happy to provide you with an analysis of your neighborhood here on the coast.
Gulf Coast Realty serves the Mississippi Gulf Coast from Ocean Springs, Biloxi, Gulfport, Long Beach, Pass Christian, Bay St. Louis, Diamondhead, D'Ibeville and St. Martin, and Keesler AFB, and the Navy CB Base.
Gerard Maher, REALTOR