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.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info