March Residential sales take a hit
With Spring in the air, the Memphis Area Association of Realtors® has released MLS sales figures for March, 2011 and YTD. The 1166 residential sales in March represent a 23.2% unit decline over March 2010. Median sales price was down 20% to $80,000. YTD, unit sales are of 15,4% and Median price off 4.7%
Comparing these numbers to February, 2011, its almost like looking at different years – a 21.4% increase in Median price, with 3.9% YTD
What does this mean? Do you follow real estate news, nationally, locally, or micro-locally? Click here to download the entire MAAR report, which includes area specific sales and price information.
Making sense with statistics or taking advantage of a strong buyer market?
I probably read too much real estate market information, stats provided by the National Association of Realtors®, economists, and real estate bloggers with space to fill. I question whether any of it matters in the great scheme of things. Everyone sees the news about Foreclosuregate, the legislation that might eliminate GSEs Fannie Mae and Freddie Mac, possible elimination of the mortgage interest deduction, and so on… Click to Continue
- Thank You, Essential Workers - September 7, 2020
- Mid-Century Modern for sale – 346 Waring, Memphis, TN - July 9, 2013
- RE Buzz – Real Estate News Roundup – July 9, 2013 - July 9, 2013
nice info….good for sharing….
nice info….good for sharing….