Olive Branch Market is actually better than some
By Alan McClurg
(Bob Leigh & Associates, Realtors)
The Olive Branch real estate market is not experiencing as much of a decline as many areas of the country are at present. However, the numbers are not as good as we all would like to see them. Through April 30, 2008 Olive Branch recorded 913 residential home sales compared to 1,327 for the same time frame in 2007. This is slightly more than a 31% decrease in units sold in just one year. The average list price of a home in April 2008, was $164,716 compared to $169,589 in April 2007. That means that, in general, Olive Branch homeowners are listing their homes about 2.9% lower in 2008 than in 2007. Furthermore, the average sales price in April 2008 was $160,054 compared to $166,746 in April 2007. This is a 4% decrease in sales price from 2007 to 2008. Although these numbers are not ...