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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What will it take for the real estate market to snap back?
Image by joespake via Flickr I try to find articles that paint a true a true picture of the real estate market. Everyone I talk to about real estate asks what it is going to take to make the market snap back. I read a lot of news and commentary, trying to find honest […]
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