Olive Branch MS Real Estate Report - May 2010

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 2010
sales:  79          Avg $176,988          Avg DOM  130

May 2009
sales:  73          Avg $172,322          Avg DOM 150

Those 77 home sales can be broken down by type of sales and sales price:

Currently, there are 482 homes for sale in Olive Branch MS:

• lowest price $69,900
• highest price $719,900
• median price $199,950

Here is a graph showing the decrease in available housing inventory in Olive Branch MS:

Approximately 5.2% of the available homes for sale in Olive Branch MS are Foreclosures. 

If you are thinking about selling your Olive Branch MS home, give Pam a call.
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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.