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.
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