Mississippi Housing Trend

With the economy growing in a positive direction, the housing market in Mississippi is too. The market is growing tighter and the demand for affordable housing, whether new construction or current houses, is up. The Biloxi housing market is very tight. There are many more buyers than sellers, resulting in houses only being on the market for 10 to 30 days before selling. The average sale price is $175,000 for a single family unit, which is a 15 to 20% increase over 2005 prices. Houses that are in desirable neighborhoods are receiving multiple offers, sometimes going over asking price.