Market Report November 2017

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FOR RESIDENTIAL ACTIVITY IN THE 10-COUNTY AREA

The facts of residential real estate have remained consistent in 2017. In year-overyear comparisons, the number of homes for sale has been fewer in most locales, and homes have been selling in fewer days for higher prices. This hasn’t always been true, but it has been a common enough storyline to make it an overarching trend for the year.

New Listings in the Central Mississippi area increased 17.5 percent to 578. Pending Sales were up 30.6 percent to 478. Inventory levels fell 13.7 percent to 2,772 units.

Prices were fairly stable. The Median Sales Price decreased 0.7 percent to $163,350. Days on Market was up 3.6 percent to 103 days. Sellers were encouraged as Months Supply of Inventory was down 22.9 percent to 5.4 months.

Full Report at: http://bit.ly/2oRip85

 

 

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