This season, we’ve seen sellers truly outnumber buyers—with a 57.9% gap, the widest since 2013. Nationwide, there were 1.53 million sellers but just 972,300 buyers in mid-Q3. Listings jumped 3.9% from the previous month (the largest monthly surge in recent records), while buyer growth was only 0.1%. That means if you’re actively searching right now, you have more leverage than we’ve seen in years: three out of five homes sold below their original list price, and inventory has reached its highest point since 2020.
But even as some of that mortgage lock-in pressure has eased—bringing more options to the market—affordability is still tight. Thirty-year mortgage rates are holding steady in the high-6% range, and the national median sale price is up 2.2% year over year. With existing-home sales down 2% (a 3.98 million annual pace), it’s a market in transition.
Helping Biloxi residents and investors navigate moments like these is what I love most. After 23 years and more than 100 local listings, I know every shift brings its own opportunities. Whether you’re thinking about making a move or weighing the timing for an investment, I’m always here to share local insight and genuine care for your next step.
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