The Oxford, MS Lafayette County North Mississippi Housing Market is hot.
-Mississippi is raking in billions of revenues from out of state businesses and residents moving to this state
-Homebuyers can get a lot of house for the money in Mississippi
-Countless businesses and individual taxpayers are moving to the Great State of Mississippi
-Many New Yorkers, Californians, and Illinoisans are moving to Mississippi due to lower taxes, affordable housing, and low cost of living
-Other amenities the state has to offer is great weather 12 months out of the year and countless places to visit
-Last year when mortgage rates peaked at over 5.0%, it did not make a dent on the Oxford Housing Market
Oxford, MS Housing Market has been increasing year after year since 2012.
-Even last year, with record-high mortgage rates, the Mississippi Housing Market was going strong
-The state attracts many out of state residents to call Mississippi home due to affordable housing, low property taxes, and low cost of living
-There is way more demand for homes versus supply
-Homebuilders have never been busier than now
-Record revenue and growth for Mississippi homebuilders
-Homes in the affordable price range sell out before the builder has obtained building permits
-2020 has been a stellar year for home sales throughout the state
-Many areas of the state have experienced major housing inventory shortage
-Homes in the $250,000 to $300,000 price range are in major demand and sell soon after it is listed
-Homes under $200,000 are the hottest in the marketplace
-First-time homebuyers, renters who need affordable housing, and real estate investors are prime buyers for these lower-priced homes
-It is not uncommon for lower-priced homes under $200,000 to have multiple offers and bidding wars.