Olive Branch MS Real Estate Market Report - September 2010

Olive Branch MS Real Estate Market Report - September 2010

Olive Branch MS is still experiencing an increase in the housing inventory levels.  There are currently 492 homes for sale in Olive Branch MS with a:

• low price $25,000
• high price $695,000
• median price $189,900

There were 39 homes sold in Olive Branch MS during the month of September 2010.  This is a 30% drop in sales from the previous month.  The average sales price was up to $186,657 and the average days on the market was 97.  Here are comparisions for last month and the same time last year:

August 2010
sales:  59     Avg. sales price $179,221     Avg DOM:  90

Sept. 2009
sales:  74     Avg. sales price $181,488     Avg DOM:  130

The chart above shows that the most active price range in Olive Branch MS was the $100,000-$130,000 range.  Even though foreclosures make up less than 6% of the available homes for sale, they make up 28% of the homes sold in September.

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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.