Olive Branch MS Real Estate Market Report - Feb 2009

Real Estate Agent with Bob Leigh & Assoc., LLC

Olive Branch MS Real Estate Market Report - Feb 2009
by Pam Simpson
The Kudzu Vine

Olive Branch saw 51 sold residential properties for the month of February with an average sales price of $179,403 and an average days on market of 119.  Both the average sales price and the average DOM increased from the previous month.

January 2009     Sold: 29    Avg. $175,280     Avg. DOM  115
February 2008    Sold: 59    Avg. $189,728     Avg. DOM  100

The neighborhoods with the most sales activity were Lees Crossing and Robinson Crossing.

There are 617 Active residential listings in Olive Branch which represents a 14.6 month supply of inventory based on a 90-day average for sales.  That means that if no more homes were placed on the market and the rate at which they sold matched the 90-day average, it would take 14.6 months to sell the existing inventory.

The price ranges of the existing Active listings is a low of $37,50 to a high of $1,270,000.  The median price is $209,900.  The percentage of current Hernando MS active listings that are foreclosures (including bank owned and HUDs) is 7.3%.

For comparisons to last months numbers, see the Jan 2009 Olive Branch MS Market Report.

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 - Feb 2009***

FOR BUYERS:  Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates

FOR SELLERS:  Pricing, Selling Tips   

LOCAL COMMUNITY INFOTate 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.

Posted by


Bookmark and Share


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Mississippi De Soto County Olive Branch
Posts to Localism
North Mississippi Community Forum
Mississippi Real Estate Professionals
market report
olive branch
olive branch ms report

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Pam Simpson

GRI, Broker-Assoc.
Ask me a question
Spam prevention

Additional Information