Olive Branch Market Data

SEPTEMBER 2018

We have all heard that "real estate is local" and that is very true.  Even within a county, the inventory levels/demand for housing can be different.  Gosh, even from subdivision to subdivision it can change.  Below are the inventory levels for Olive Branch.  This shows how many months of inventory we have in each price range.  Keep in mind that a "balanced inventory" is 6 months of inventory . . . at that point there is no advantage to buyer or seller.

< $100,000 - .63 mo supply

$100k-$150k - .43 mo supply

$150k-$200k - .75 mo supply

$200k-$250k - 1.52 mo supply

$250k-$300k - 2.74 mo supply

$300k-$400k - 3.66 mo supply

$400k & up - 6.3 mo supply

So, what does this tell us? The buyers ARE out there and are looking for good homes to buy. Inventory is WAY down, which puts sellers more in the driver's seat.  It is definitely a sellers market right now in most price ranges.  However, as we get above $300,000 you can see that inventory levels rise. 

Call me today at 901-210-8045 if you know of someone who needs to take advantage of this market . . . or for detailed information on YOUR specific neighborhood or market.

Desoto County Market Update Video