Due to the homebuyers’ tax credit, the first half 2010 numbers showed increases over the 2009 figures which has carried over into slightly better year-to-date sales figures, according to the paper. The median sales price for the Pine Belt in October 2010 checked in at $134,658, which is a small increase compared to the 2009 figure of $134,424, according to statistics from the Hattiesburg Area Association of Realtors.
Real estate experts told the paper that the Pine Belt’s housing market will remain steady for the rest of 2010. HAAR president Joe Woullard says, "Our expectation is that sales will improve a bit but we're not looking for a tremendous increase," he commented. "We've been stable so far with a small increase. We have a pretty solid group of Realtors to continue that modest increase."
The National Association of Realtors notes that the median existing-home price for all housing types nationwide was $170,500 in October, down 0.9 percent from the same point in 2009. As home prices continue to fall nationally, opportunities for buyers who plan on moving into reasonably priced homes is there.
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