Olive Branch Real Estate Market Report - January 2011

Olive Branch Real Estate Market Report - January 2011

All three of the markets that I report on (Olive Branch, Hernando and Tate County) lost ground in January. Olive Branch MS had 30 sales in January with an average sales price of $159,284 and average days on the market of 113.

Here is how the numbers compare to last month and same time last year:

December 2010
sales 45 Avg $164,876 Avg DOM 90

January 2010
sales 41 Avg $180,206 Avg DOM 157

I have analyzed the 30 sales to find out how many were "distressed" sales (foreclosures and short sales) and to see what the most popular price range is:

Currently, there are 422 active listings in Olive Branch MS:

• low price $25,500
• high price $695,000
• median price $172,000

These 422 homes for sale translate into a 10.6 month supply of inventory. Approximately 5% of the available homes for sale in Olive Branch 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© 2011 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.