Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them. The scale is tipped in favor of the sellers. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down 18.8% […]
2016 End of Year Residential Sales Stats
The Memphis Area Association of Realtors (MAAR) has released sales information for December, 2016 and end of year. It’s been an interesting year, and I think 2017 will be a good year for real estate sales. Sales Unit sales increased 10% in 2016 over 2015; and there were significant rises in median and average sales […]
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Memphis real estate market 1st QTR – 2016
The Memphis Area Association of Realtors (MAAR) has released Memphis real estate market data for March, and year-t0-date 2016. The Report is compiled from recorded deeds in Shelby, Fayette, and Tipton Counties. As you can see from the summary below, unit sales are up for March and the first quarter, while y-t-d median prices were […]
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