Olive Branch MS Real Estate Market Report - June 2009
by Pam Simpson
The Kudzu Vine
There were 59 reported sales in the city of Olive Branch MS for the month of June which is the exact number reported for the month of May. The average sales price was up to $196,870 and the average days on the market was 128.
The percentage of sales in June that were foreclosures was a whopping 41%.
Here are the numbers for last month and last year:
May 2009
Sold: 59 Avg $178,769 Avg DOM: 154
June 2008
Sold: 75 Avg $180,423 Avg DOM: 120
The 3 Olive Branch neighborhoods which saw the most sales activity in June were Alexander Crossing, Asbury and Chapel Ridge.
Currently, there are 514 Active residential listings in Olive Branch MS which represents a 9.8 month supply of inventory. The prices range from $67,500 to $1,270,000 with the medan price being $209,900.
The percentage of active listings in the Olive Branch market that are foreclosures is 5.4%.
See the May 2009 Olive Branch Market Report for comparison.
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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 - June 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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