Central MS Market Snapshot as of July 8, 2021

Real Estate Agent with Front Gate Real Estate Broker 11085

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.


If you are a seller, it means more buyers are competing for your home, which can drive the price up through multiple offers and a shorter time on the market.

If you are a buyer, interest rates are phenominally low, but you'll need a savvy agent to help you navigate the market and structure a competitive offer so you can "win" the house. 

Do you have questions about the real estate market in Central MS? Feel free to contact me. I'm happy to answer your questions.

Comments (3)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Pat great job on the market report.  Love the infographic.

Jul 15, 2021 01:16 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Pat hope all is well with you in this crazy market.... Listings are where it is at, Endre

Jul 15, 2021 11:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Pat... long time no see. Trust you are doing well. Love your infographic in this market report.

Jul 16, 2021 03:55 AM