How do we know whether the market is normal or not? The National Association of REALTORS defines a normal market when it has a six month supply of homes for sale, a buyer's market when there is more than six month supply and a seller's market when their is less than six month supply.  The current Absorption Rate Chart for Biloxi, Ocean Springs, and Gulfport on the Mississippi Gulf Coast reflects that we have what we call "Micro Markets" within the overall real estate market on the Gulf Coast. We have compiled this data using data from the Gulf Coast Multiple Listing Service (MLS), REStats.com sales of all local real estate companies, and our own tracking of where homes are selling.  The definition of Absorption Rate is the number of weeks it takes to sell the current inventory at the present rate of sales. Absorption rates tells us how many months of supply is on the market based on historical data. For our purpose, we have been tracking these sales and projections since Hurricane Katrina. Our overall market is still a buyer's market, but there are some unique neighbourhoods within the overall market that are a very normal market and in some areas it's a seller's market.  If you need specific information about your home and how it may compete in this Micro Market, contact us.  All our best Al & Dee.