Olive Branch MS Real Estate Sales Report - October 2010

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 price was $178,924 and the average days on the market (for the sold homes) was 86.  Here are some comparisons for last month and same time last year:

Sept. 2010
sold:  39     Avg sales price:  $186,657     Avg DOM:  97

Oct. 2009
sold:  73     Avg sales price:  $181,872     Avg DOM:  147

When I further analyze the homes that sold in Olive Branch MS in October, I can see how many were "distress" sales and which price range had the most activity:

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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.