Olive Branch MS Real Estate Market Report - July 2009

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

The Olive Branch MS real estate market held steady at 59 sales this month.  The average sales price was down to $174,097 and the average days on the market was 127.

The percentage of the July sales that were foreclosures was 27%.

Here are comparisons to last month and last year:

June 2009
sold:  59          Avg $196,870          Avg DOM  128

July 2008
sold:  70          Avg $196,012          Avg DOM  151

Overwhelmingly, the neighborhood with the most sales in July was Windstone.

Currently, there are 494 active residential listings in Olive Branch MS.  The prices range from $59,900 to $1,270,000.  The median price is $209,900.

There is an 8.4 month supply of inventory which is down about 1 month from June.

The percentage of the current market that are foreclosure listings is 6.7%.

June 2009 Olive Branch MS Real Estate stats.

<<<Olive Branch MS homes for sale
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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 Real Estate Market Report - July 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, Hernando 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.