Olive Branch MS Real Estate Market Report - Feb 2009

By
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.
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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 - 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.

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