We’re seeing some important shifts in the new home market: sales of new single-family homes have dropped by 10.5%, landing at 607,000—the slowest pace since January. At the same time, inventory is up 1.9% to 488,000 units, now representing a 9.6-month supply. Interestingly, the median price has dipped 2.3% to $393,800.
Having spent more than two decades immersed in the Mississippi Gulf Coast market, I know how higher mortgage rates and economic uncertainty can weigh on buyers, sellers, and investors alike. For those navigating these changes—whether you’re searching for a primary residence, eyeing an investment, or planning a move to our coast—my focus is on helping you interpret these trends and make informed decisions with confidence. The right strategy, from smart pricing to contract negotiation, becomes even more important in times like these.
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