Olive Branch MS Real Estate Market Report - July 2010
The numbers for the real estate market in Olive Branch MS are mixed. While there was a decrease in the number of homes sold in July, the average sales price increased. There were 55 residential sales in Olive Branch MS with an average sales price of $190,573 and an average days on the market of 155.
Here are the numbers for last month and July of last year:
June 2010
sales: 67 avg $175,126 avg DOM 105
July 2009
sales: 64 avg $164,865 avg DOM 124
I have broken down the July home sales in Olive Branch MS by price and by type of sale (regular, foreclosure, or short sale):
I see more short sales actually making it to closing than in previous months.
Currently, there are 487 homes for sale in Olive Branch as indicated by the Northwest MS MLS.
- lowest price $30,000
- highest price $719,900
- median price $194,250
These 487 homes for sale represent a 7.3 month supply of inventory. This means that if Olive Branch homes continue to sale at the same pace as in the previous 90 days, it would take 7.3 months to exhaust the current inventory. Approximately 3.7% of the available homes for sale in Olive Branch MS are foreclosures.
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If you are looking for a Realtor® who knows the local Northwest MS real estate market, contact Pam.
About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2010 by Pam Simpson. All rights reserved.
FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide
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
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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