Olive Branch MS Market Report April 2009
by Pam Simpson
The Kudzu Vine
There were 39 reported residential sales for the month of April in Olive Branch. The average sales price was $195,492 and the average days on the market was 157.
Foreclosure made up 28% of the sold homes for Olive Branch MS in April. Here is how the numbers compare with last month and April of last year:
March 2009
Sold: 53 Avg. $ 177,576 Avg. DOM 137
April 2008
Sold: 73 Avg. $ 185,099 Avg. DOM 140
The neighborhood with the most sales was Magnolia Estates.
Currently, there are 571 active residential listings in Olive Branch with the prices ranging from $33,750 to $1,270,000. The median price is $209,900.
<<<Click to find homes for sale in Olive Branch MS.
The 571 active listings represent a 12 month supply of inventory (down from 13.4 last month). The percentage of active listings that are foreclosures is 7%.
To compare to last month's numbers, see the March 2009 Olive Branch MS Market Report.
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About the author:
Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Olive Branch MS Market Report April 2009***
FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates
FOR SELLERS: Pricing, Selling Tips
LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community
MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report
REALTOR STUFF: NAR, Real Estate and Media, Real Estate Agents
OTHER: Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions
Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.
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