Olive Branch MS Real Estate Market Report - May 2009

Olive Branch MS Real Estate Market Report - May 2009
by Pam Simpson
The Kudzu Vine

The month of May saw 59 residential sales in the Olive Branch zip code (38654).  The average sales price was $178,769 and the average days on the market was 154.

The 3 areas that had the most sales activity were Hamilton Place, Plantation Lakes, and Windstone.

The percentage of those 59 sales that were foreclosures was 27%.

Here is the same data for last month and last year.

April 2009
Sales:  39          Avg. $195,492          Avg. DOM 154

May 2008
Sales:  87         Avg. $207,865          Avg. DOM  155

There are currently 540 Active Residential Listings in Olive Branch with prices ranging from $67,000 to $1,270,000.  The median price is $209,900.  These 540 listings represent a 10.7 month supply of inventory.  The percentage of those active listings that are foreclosures is 5.4%.

See the April 2009 Olive Branch MS Real Estate Market Report for comparision.

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About the author:
 Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC.  
Copywright©  2009 by Pam Simpson.  All rights reserved...***Olive Branch MS Real Estate Market Report - May 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.