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2017 data shows a decrease in the number of single family homes for sale in Oxford, MS though an increase in sales price. Declining number of homes for sale Throughout the year, there has been declining housing inventory. Several factors play into this trend as shown here. The Wall Street Journal has also cited the effect of Airbnb as a catalyst of rising home prices and rents. For the full WSJ article, click here. National and local rent trends Edward Kung, an assistant professor of economics at the University of California Los Angeles, told The Wall [...]
Sales prices of Oxford, MS homes continue to increase as the population continues to grow. Statistics for Oxford, MS residential market Here is some helpful research data for Oxford buyers, sellers, and property owners. Presented are the Lafayette County and Oxford, MS residential market sales for January - August 2016 and January - August 2017. In addition, it is important to note that the residential market sales include condo/townhouse sales statistics as well. Due to the number of condo/townhouse sales, statistics are likely skewed to this property type. Likewise, the residential market sales are requiring [...]
Can renters afford to give the key back to landlord and buy real estate in Oxford? A 2017 poll for National Association of Realtors® indicates that 71% of homeowners believe that it is a good time to sell. The trend has increased over the course of the year. Here are the current market trends of real estate in Oxford and Lafayette County. Real Estate in Oxford For buyers looking in Oxford, there is low condo inventory. Consequently, many buyers are forced to pay more for properties to beat out the competition. The strength of the seller [...]
