The Memphis Area Association of REALTORS® has released December, 2010 home sales stats for the Memphis area. December unit sales trailed 2009 sales by 22.6% with a total of 896 sales recorded. Sales for the entire year 2010 were off 9.7% from 2009, with a total of 13,711 properties sold. Average sales price edged […]
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 […]
Downtown Memphis residential Sales – 2010
Based on reported Sales Data*, the Downtown Memphis, there were 163 non-condo residential sales in 2010, a drop of 27 units from the 2009 total. Average Sale Price was $177,414 with Median Price at $200,000. The highest sale price was $590,000, off over $1M, from 2009’s $1,600,000 high sale. Average Sold $/Square Foot (Sales price÷Square […]
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