Home sales up, prices down in South Mississippi

SOUTH MISSISSIPPI — The pace of home sales in South Mississippi is up for the first nine months of 2011 but the average price is not.

From January through September, 267 more homes were sold than for the same period last year.

The Sun Herald reports those who sold their homes this year received an average of $117,876, which is $16,824 less than the average if they had sold between January and September last year.

Compared to last year, sales prices are up in five of the last nine months.

The Mississippi Gulf Multiple Listing Service report for September shows that fewer people are listing their homes for sale in this buyers’ market.