The real estate market in Gulfport, MS dropped a little in November and December as it does every year. January has slowly weaned itself back up though and we are starting to see deals get under contract and closed as the middle of January as come and go.

With federal rates dropping and some insurance companies starting to write the Wind and Hail policies without the need for Mississippi Windstorm, I fully expect to see existing and new home sales increase in the coming months.

While we still have a much higher listing inventory than this time last year, houses are selling and forecasts show that the market will pick up as well.

If you are looking to buy a home, we are still in a buyer’s market and interest rates are favorable.
If you are looking to sell a home, you may want to give it a couple of months to achieve the best results.

Keep in mind that SimplySOLD® Viking Realty can help you with all your real estate needs.

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