Central MS Market Snapshot - August 2021 weekly sales

By
Real Estate Agent with Front Gate Real Estate Broker 11085

August and September 2021 have been a whirlwind of real estate activity. Many of you enjoy Central Mississippi's weekly report, so I am sharing the stats so you can tell at a glance how the month of August shaped up. 

Central MS Weekly Statistice

The graph shows the number of listings taken each week per county, the number of closings, median sales price, and list to sale ratios.

Also shown is the supply of homes on the market for sale, the "inventory", and if no other homes came on the market, the "supply" of homes before we are completely sold out.

 

Central MS Weekly Stats August 19


Inventory changes constantly. Realtors check the hotsheet daily to see what new listings are available. It isn't unusual for a home to sell the first day with multiple offers. 

If a buyer says they can only look on the weekend, but a new listing hits the market on Tuesday, I encourage them to meet me after work or take a long lunch break, if possible.


CMR Weekly Stats August 26

August numbers remain strong, with low inventory and a low supply of homes.

The volume of closings increase the last two weeks of the month. Many homeowners decide to schedule their closings toward the end of any given month, in part due to daily interest being collected from the date of closing til the end of the month.


CMR Weekly Stats Sept 2

In Madison County, 229 homes are currently under contract awaiting closing. Hinds County has 291 pending sales, and Rankin County has 372 sales in the pipeline awaiting closing.

Interest rates remain low and it continues to be a good time to buy or sell. 

If I can be of assistance, please reach out to me.

 

First Week of August 2021

Comments (3)

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

Pat as always a great job on the market report and the infographic.

Sep 19, 2021 04:09 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Pat,

Thank you for sharing this real estate market report.  Buyers and sellers in your area will benefit from this report. 

Wishing you continued success.

Bob

Sep 20, 2021 06:41 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good evening Pat! WOW, that is a lot of activity going on out there

Sep 20, 2021 07:50 PM
Pat Starnes-Front Gate Realty

It is a huge facility, and so much fun! I don't trust myself to go very often but for an eclectic and vintage style lover like myself, it's a great way to spend an afternoon.

Sep 21, 2021 05:42 PM