Olive Branch MS Market Report - Jan 2009
by Pam Simpson
The Kudzu Vine
I do so much business in Olive Branch that I decided to start doing Market Reports for this area like I do for Hernando MS and Tate County MS. This is my first market report for Olive Branch MS.
There were 29 residential sales in Olive Branch for the month of January 2009. The average sales price was $175,280 and the average days on market (DOM) was 115.
The neighborhoods which saw the most activity were Lexington Crossing, Creekside Estates, and Hunters Ridge.
There are currently 628 Active residential listings in Olive Branch. Using a 90-day average, that represents a 15.8 month supply of inventory. The prices range from a low of $49,900 to a high of $1,270,000 with the median at $209,900.
8.1% of the current active listings are HUD, REO or other foreclosures.
Some parts of Olive Branch still qualify for USDA loans and smartly priced homes in these areas usually draw multiple offers.
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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 - Jan 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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