Central MS Market Snapshot as of July 29, 2021

By
Real Estate Agent with Front Gate Real Estate Broker 11085

Central MS Realtors has published the closing information for the last week of July 2021. The report runs a week behind so the last two days of the month will be picked up on next weeks report.

 

The volume of closings is up as expected the last week of the month. Many home buyers choose to close as late in the month as possible so you'll notice a sharp increase toward the end of any given month.

 

Inventory in all three Central MS counties remains low, and homes are selling at an average of 100% of list price. 

 

Look at the supply of homes. There is less than one months inventory. This equates to a strong sellers market with low inventory, homes that sell fast with multiple offers, at list price or above.

 

I must stress the importance of hiring a Realtor to represent you in a sellers market. While homes are selling quickly, an experienced Realtor knows how to maximize your exposure while maximizing your bottom line. 

 

If you have questions about the real estate market in Central MS, feel free to reach out. I'm happy to help.

 

You may enjoy previous reports:

Fourth Week of June 2021

First Week of July, 2021

Second Week of July, 2021

Third Week of July 2021

Comments (2)

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

Pat excellent market report as always, with lots of information and easy to understand.

Aug 04, 2021 12:01 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Pat - very infromative market report.  As far as inventorh and price it is pretty much the same where we are.

Aug 04, 2021 07:48 PM