The Memphis Area Association of Realtors (MAAR) has released sales information for December and year-end, 2011. The report contains complete information on all publicly recorded sales in Shelby, Fayette and Tipton counties, including information on pending sales and active listings.
Sales
![Sales-Dec and yearend- sum-2011 Sales-Dec and yearend- sum-2011](https://blog.spake.com/wp-content/uploads/2012/01/Sales-Dec-and-yearend-sum-2011.jpg)
December, 2011 and year end sales summary
Residential unit sales were off 10% in December vs. 2010, and year-end totals lagged 2010 by 8.4% . Both median and average sales trended down in 2011, as the market desperately sought price stability, and home buyers remained cautious.
Foreclosures
![foreclosures 2011 foreclosures 2011](https://blog.spake.com/wp-content/uploads/2012/01/foreclosures-2011.jpg)
Foreclosures down in 2011, but what will 2012 bring?
While foreclosures ruined more Christmases in 2011, with a December increase of 67%, foreclosures for 2011 were down by over 15% at 4,113. There seems to be a lot of politics going on in the foreclosure arena. Time will tell.
If you haven’t downloaded the sales report (link at end of post), you are missing a lot of real estate information on listings, pending sales, and inventory. This would be a good one to file away since it is the end-of-year report.
One more interesting feature is the neighborhood reports.
![Midtown-Downtown sales 2011 Midtown-Downtown sales 2011](https://blog.spake.com/wp-content/uploads/2012/01/Midtown-Downtown-sales-2011.jpg)
Midtown and Downtown Sales
Two of my specialty areas showed declines in Unit sales but increases in median and average prices, showing once again that all real estate is local – micro- local! Download the report to see how your neighborhood is doing.
Note: In the next day or so I will be posting my Memphis Real Estate predictions for 2012 – Stay Tuned!
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What do you think? Leave your comments.