olive branch ms report: Olive Branch MS Real Estate Market Report - March 2011 - 04/21/11 02:22 PM
Olive Branch MS Real Estate Market Report - March 2011
Olive Branch MS is experiencing a steady housing inventory level.  The absorption rate (the amount of time it would take to sell all of the existing homes on the market if they sold at the current rate) remains at a high of 10.8 months.  There are currently 419 homes for sale in Olive Branch MS with a:
low price $25,000 high price $699,900 median price $185,000
There were 48 homes sold in Olive Branch MS during the month of March 2011.  The average sales price was $178,064 and the average days on … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - February 2011 - 04/21/11 01:52 PM
Olive Branch Real Estate Market Report - February 2011
Olive Branch MS experienced a rebound in both number of sales and average sales price in February over January of 2011.  Our unusually high amount of winter precipitation may have played a roll in the number of home sales not reaching the number sold in February of last year (40); however, the average sales price saw an increase of over $10,000.  Olive Branch MS had 38 sales in February 2011 with an average sales price of $177,438 and average days on the market of 101.

Here is how the numbers compare to last month and … (0 comments)

olive branch ms report: Olive Branch Real Estate Market Report - January 2011 - 02/17/11 11:16 AM
Olive Branch Real Estate Market Report - January 2011
All three of the markets that I report on (Olive Branch, Hernando and Tate County) lost ground in January.  Olive Branch MS had 30 sales in January with an average sales price of $159,284 and average days on the market of 113.

Here is how the numbers compare to last month and same time last year:
December 2010sales     45     Avg $164,876     Avg DOM  90
January 2010sales     41     Avg $180,206     Avg DOM  157
I have analyzed the 30 sales to find out how many were "distressed" sales (foreclosures and short sales) and to … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - December 2010 - 01/14/11 06:40 AM
Olive Branch MS Real Estate Market Report - December 2010
 Currently, there are 415 homes for sale in Olive Branch MS.
Low list price $31,500 High list price $695,000 Median list price $179,900 Based on the sales figures for the last quarter of 2010, there is a 9.4 month supply of homes for sale in Olive Branch MS.  Unlike Hernando MS with rather steady rates, absorption rates for Olive Branch have been a roller coaster.  Foreclosures make up about 9% of the available homes for sale.
 


December sales up slightly from the previous month in Olive Branch MS to 45 homes with an average sales price of $164,876 … (1 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - November 2010 - 12/21/10 07:02 AM
Olive Branch MS Real Estate Market Report - November 2010
Currently, there are 450 homes for sale in Olive Branch MS which represents a 10.6 month supply. 
low price $31,500 high price $695,000 median price $179,500 About 7.3 % of the homes for sale in Olive Branch are foreclosures.

There were 44 homes that sold in November (same number as the previous month).  The average sales price was $167,621 and the average days on the market was 68.  Here are the comparisons to last month and same time last year:
October 2010sold:  44          Avg $178,924          Avg DOM  86
November 2009sold:  … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Sales Report - October 2010 - 11/15/10 03:49 AM
Olive Branch MS Real Estate Sales Report - October 2010
Olive Branch MS currently has 481 homes for sale.
low price $20,500 high price $695,000 median price $180,000 Foreclosures make up 8.5% of the available homes for sale in Olive Branch MS.
Using an average of the number of sales from the past 3 months, Olive Branch MS has a 10.2 month supply of homes for sale.  As you can see from the graph below, that is the highest level since March.

There were 44 homes that sold in Olive Branch MS in the month of October.  The average sales … (2 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - September 2010 - 10/07/10 02:44 PM
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 2010sales:  59     Avg. sales … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - August 2010 - 09/07/10 07:29 AM
Olive Branch MS Real Estate Market Report - August 2010
Olive Branch MS is experiencing an increase in the housing inventory levels.  There are currently 464 homes for sale in Olive Branch MS with a:
low price $25,000 high price $695,000 median price $189,900
There were 59 homes sold in Olive Branch MS during the month of August 2010.  The average sales price was $179,221 and the average days on the market was 90.  Here are comparisions for last month and the same time last year:
July 2010sales:  55     Avg. sales price $190,573     Avg DOM:  155
August 2009sales:  62     Avg. … (2 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - July 2010 - 08/07/10 06:23 AM
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 2010sales:  67       avg $175,126     avg DOM  105
July 2009sales:  64     avg $164,865     avg DOM  124

I have broken down the July … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - June 2010 - 07/09/10 08:44 AM
Olive Branch MS Real Estate Market Report - June 2010
Olive Branch MS saw a slight decline in both number of homes sold and average sales price for the month of June compared with the previous month.  There were 67 homes sold in June with an average sales price of $175,126 and an average days on the market of 105.
Here is a comparison to the same numbers from last month and one year ago:
May 2010sales:  77     avg $177,375     avg DOM  123
June 2009sales:  85     avg $178,743     avg DOM  126

Here is how the June 2010 real estate sales … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Report - May 2010 - 06/11/10 07:02 AM
Olive Branch MS Real Estate Report - May 2010
Olive Branch MS saw a very slight decrease in the number of homes sold for the month of May but saw a slight increase in the average sales price.  There were 77 homes that sold in May with an average sales price of $177,375.  The average days on the market was 123.
Here is how the numbers compare to last month and a last May:
April 2010sales:  79          Avg $176,988          Avg DOM  130
May 2009sales:  73          Avg $172,322          Avg DOM 150

Those 77 home sales can be broken down by type … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - April 2010 - 05/16/10 12:45 PM
Olive Branch MS Real Estate Market Report - April 2010
The volume of Olive Branch MS real estate sales increased to 79 in April with an average sales price of $176,988 and an average days on the market of 130.

Here are comparisons to the sales numbers from last month and the same tiime last year:
March 2010sales:  63     Avg $180,660     Avg DOM  121
April 2009sales:  55     Avg $174,803     Avg DOM  156


Currently, there are 478 Active residential listings in Olive Branch which represents an 8.2 month supply of homes.  About 5% of these are foreclosures.
lowest price … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - March 2010 - 04/09/10 04:38 AM
Olive Branch MS Real Estate Market Report - March 2010
Olive Branch MS almost doubled their sales over last month.  There were 63 sales in March with an average sales price of $180,660 and an average days on the market of 121.
Here is the comparision to last month and same time last year:
February 2010sales:  32          Avg. $163,246          Avg DOM  116
March 2009sales:  54          Avg. $179,952          Avg DOM  145



As you can see, distressed sales (foreclosures and short sales) made up about 1/2 of all residential home sales in Olive Branch MS last month.  Homes priced under … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - February 2010 - 03/09/10 06:09 AM
Olive Branch MS Real Estate Market Report - February 2010
There were 32 residential real estate sales in Olive Branch MS for the month of February with an average sales price of $163,246 and an average days on the market of 116.
Here are the comparisons to last month and the same time last year:
Jan. 2010sales  37     Avg $182,359   Avg DOM  163
February 2009sales  59     Avg $198,761     Avg DOM  128


Currently, there are 439 homes for sale in Olive Branch MS which represents an 11.5 month supply of inventory.  Foreclosures make up 9.1 % of the available homes … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - January 2010 - 02/10/10 12:24 PM
Olive Branch MS Real Estate Market Report - January 2010
There were 37 homes sold in Olive Branch MS in the month of January with an average sales price of $182,359 and an average days on the market of 163.
Here are the comparisons for last month and same time last year:
December 2009sales:  46     Avg $169,623     Avg DOM  131
January 2010sales:  30     Avg $178,100     Avg DOM  127


Currently, there are 433 homes for sale in Olive Branch which represents an 8.7 month supply of homes.  Foreclosures make up 8.5% of the homes for sale.
low price $34,000 high … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - December 2009 - 01/11/10 10:56 AM
Olive Branch MS Real Estate Market Report - December 2009
There were 46 home sales in Olive Branch MS in the month of December with an average sales price of $169,623 and an average days on the market of 131.  Foreclosures made up 31% of these sales.
Here are the comparisons to last month and December 2008:
Nov 2009sales:  67          Avg $161,186          Avg DOM  143
Dec 2008sales:  47          Avg $158,168          Avg DOM 103



This chart shows the average sales price decrease in the past couple of years:

Currently, there are 420 homes for sale in Olive Branch … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - November 2009 - 12/11/09 03:48 AM
Olive Branch MS Real Estate Market Report - November 2009by Pam SimpsonThe Kudzu Vine
There were 67 residential sales in Olive Branch MS for the month of November with an average sales price of $161,186 and an average days on the market of 143.

Out of those 67 sales, about 27% were foreclosures. 
Here are the numbers from last month and last year:
October 2009sales   71          avg $180,729          avg DOM  151
November 2008sales   43          avg $166,354          avg DOM  89
There are currently 441 residential listings in Olive Branch MS with the prices ranging from a low of $35,000 to a … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - October 2009 - 11/08/09 01:20 PM
Olive Branch MS Real Estate Market Report - October 2009by Pam SimpsonThe Kudzu Vine
There were 71 residential sales in Olive Branch MS in the month of October.  The average sales price was $180,729 and the average days on the market was 151.

Of the 71 sales in October, 8.5% of them were foreclosures.
Here are the comparisons for last month and last year:
September 2009Sales  68         Avg $184,670          Avg days on market  126
October 2008Sales  61       Avg $192,817          Avg days on market  143
Currently, there are 449 active residential listings in Olive Branch MS with prices ranging from $45,000 … (0 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - September 2009 - 10/06/09 02:58 AM
Olive Branch MS Real Estate Market Report - September 2009by Pam SimpsonThe Kudzu Vine
The number of residential sales in Olive Branch MS in September jumped to 68.  The average sales price increased slightly to $184,670 and the average days on the market was 126.
Here are the comparisons for last year and last month:
August 2009sales:  59       Avg. Price:  $178,631       Avg. DOM:  145
September 2008sales:  81       Avg. Price:  $194,437       Avg. DOM:  120
Out of the 68 homes that sold in September in Olive Branch MS, 25% were foreclosure sales.

Currently, there are 486 active residential listings in Olive Branch … (2 comments)

olive branch ms report: Olive Branch MS Real Estate Market Report - August 2009 - 09/11/09 05:31 AM
Olive Branch MS Real Estate Market Report - August 2009by Pam SimpsonThe Kudzu Vine
Olive Branch MS is still holding steady with 59 recorded sales of residential properties for the month of August.  The average sales price was $178,631 and the average days on the market was 145.

Of the homes that sold in August, 37.3% were foreclosures.  That number jumped about 10% from the previous month.
Here are comparisons to last month and last year:
July 2009sales:  59     Avg. Price:  $174,097     Avg. DOM:  127
August 2008sales:  71     Avg. Price:  $196,212     Avg. DOM:  126
Currently, there are 478 active residential … (0 comments)

 
Pam Simpson, GRI, Broker-Assoc. (Bob Leigh & Assoc., LLC) Rainmaker large

Pam Simpson

GRI, Broker-Assoc.

Senatobia, MS

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Bob Leigh & Assoc., LLC

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