Mississippi Real Estate Summary

The Mississippi real estate market is hot.  Even with high unemployment, the economy continues to grow as job earnings are up, as well as job openings, making Mississippi relocations popular.  Mississippi homes are very affordable, the taxes remain low and educational standards are increasing, making it one of the hot places to live with a family.

Biloxi real estate is a hot market.  Houses are only on the market before receiving one or multiple offers, sometimes going over asking price.  The average sale price of a single-family unit is $175,000, which is up a staggering 15-20% over last year´s prices.  The market has many more buyers than sellers, making the demand for houses in all price levels very high.  The demand for housing has increased due to the havoc recent hurricanes caused, sending families to Biloxi for new housing.  The trend is expected to slow down during the next year, provided the weather holds and no more natural disasters befall the area.