Home Sale Statistics for the Mississippi Gulf Coast August 2011

Hi EVeryone!

Well there is GOOD NEWS for the Mississippi Home Sales for the month of August. The Number of Homes Sold in August on the Coast is up from July 2011 and is up from August 2010. The breakdown of Sales is like this:

Aug. 2011:

Number of Homes SOLD 316

Average Price Sold $113,616

Median Price Sold $102,000

July 2011:

Number of Homes SOLD 247

Average Price SOLD $88,005

Median Price Sold $111,239

Aug 2010:

Number of Homes Sold 238

Average Price SOLD $118,782

Median Price Sold $94,000

As you can see, the number of homes SOLD is up and the Average price is up from July 2011 but is down from the Average price of Aug. 2010 . The median price is down from July 2011 but is up compared to the Median price of August 2010

But with both the NUMBER of HOMES SOLD up and the Average price up from July- positive news in the real estate market locally!

For information about your neighborhood, or information on Buying or Selling a home on the Mississippi Gulf Coast, contact Gulf Coast Realty at 228-865-9998