Olive Branch MS Real Estate Market Report - June 2010

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 2010
sales:  77     avg $177,375     avg DOM  123

June 2009
sales:  85     avg $178,743     avg DOM  126

Here is how the June 2010 real estate sales for Olive Branch MS break down by type (foreclosure, short sale, regular) and by price range:

Currently, there are 490 residential units for sale in Olive Branch MS:

• low price $69,900
• high price $719,900
• median price $199,900

The inventory of available homes for sale in Olive Branch MS is holding steady at 6.6 months.  About 5% of the homes listed on the market are foreclosures.

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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.