The Memphis Area Association of Realtors® (MAAR) has released data for recorded residential sales in the month of February and YTD. February unit sales showed a 11.8% drop from 2011, and 7.6% lag year to date. Median and average sale prices rose significantly in February, and both show a YTD increase. Reviewing the full […]
Memphis area real estate sales – January 2011
The Memphis Area Association of Realtors® has released home sales numbers for January, 2011. Total unit sales showed a 1.4% decrease from 2010, with media sales price dropping 9.7% to $83,500 Of the total 960 sales, 924 were existing homes; 36 were new construction. 664 were non-bank sales; 296 (30.8%) were bank sales. (note: “Bank sales” […]
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Memphis area home prices trending up
Are home prices in the Memphis area recovering? Can we expect an uptrend in coming months and years? According to a Forbes-MSNBC piece Where Home Prices will Rise, Fall Most in ’11, Memphis ranks 4th among markets where prices will rise in 2011, with a projected 3.2% average year over year increase in property values. […]
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