Monthly Market Update
Here’s a fresh take on the latest in the housing market, courtesy of Lance Lambert at Resi Club. As we stepped into spring, an intriguing trend emerged. Despite a challenging backdrop with mortgage rates still around 7% and more homes hitting the market, U.S. home prices showed unexpected resilience. According to the Case-Shiller National Home Price Index, prices nudged up by 0.6% from January to February 2024. This gentle increase suggests that the spring housing market might be heating up just a bit more than usual. Housing stats below are from the HAAR MLS.
April 2024 Market Update for Hattiesburg Area
320
New Listings
620
Active Listings
247
Under Contract
173
Closed Sales
Homes Sold
98.1%
Sale-to-List Price
$226,000
Median Sales Price
3.8
Months of Supply
26
Average Days on Market
125
Average Price per Square Foot
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