There is a shortage of houses for sale in Oxford.
Houses for sale in Oxford are few in number and increasingly exceeding the budget of buyers. Housing affordability is becoming a challenge for some homebuyers, especially for real estate in Oxford, MS. The real estate market in Oxford, MS is experiencing a multi-generational apex . Millennial homebuyers are beginning to have growing families and are increasingly purchasing homes. Simultaneously, many baby boomers want to retire in Mississippi to benefit from the tax incentives. The homebuying recovery is also strong. Buyers are eager to purchase homes and properties that they had been eyeing during the shutdown. Lastly, the Oxford market is still attracting investors or second home buyers from markets with higher costs of living.
The pandemic affected nearly every sector of our economy. The residential real estate market remains very resistant to downward pressure. Homebuying has surged since summer 2020 and based on generational aging, low housing supply, and material shortages, there is no end in sight. With the help of a good real estate agent/broker, Kiamie Real Estate can help you write a great purchase offer and beat out the competition!
We also recommend that you reach out to us to help you find houses for sale in Oxford that may not be on the market yet
. This way, you can get an inside scoop before everyone else gets a chance to see it online.