Marketing & Statistics

Marketing & Statistics

July Market Report

MEMPHIS, TN - August 7, 2012 - (RealEstateRama) -- Memphis-area home sales for July rose 7.4 percent from a year ago, with 1,385 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales increased 8.5 percent from June. Average sales price year-over-year was up 14.1 percent at $147,373. Inventory was up 1.1 percent, with 7,615 units listed for sale. Sales volume YTD increased 20 percent to $1.1 billion.

June Market Report

MEMPHIS, Tenn. - July 4, 2012 - (RealEstateRama) -- Memphis-area home sales for June decreased 2.4 percent from a year ago, with 1,277 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales dropped 11.4 percent from May. Average sales price year-over-year was up 9.4 percent at $146,198. Inventory was up 2.2 percent, with 7,529 units listed for sale. Sales volume YTD increased 16.6 percent to $873.1 million

May 2012 Market Report

MEMPHIS, TN - June 11, 2012 - (RealEstateRama) -- Memphis-area home sales for May increased 24.8 percent from a year ago, with 1,441 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales jumped 23.6 percent from April. Average sales price year-over-year was up 1.0 percent at $124,736. Inventory was up 3.0 percent, with 7,370 units listed for sale. Sales volume YTD increased 19.3 percent to $684.7 million

March 2012 Market Report

MEMPHIS, Tenn., April, 6, 2012 – Memphis-area home sales for March rose 19.8 percent from a year ago, with 1,281 total sales recorded in the Memphis Area Association of REALTORS MAARdata property records database. Total sales jumped 29.1 percent from February. Average sales price year-over-year was down 7.7 percent at $113,156. Inventory was flat, at 6,897 units listed for sale. Sales volume YTD increased 12 percent to $354.3 million.

November Market Report

MEMPHIS, TN - December 8, 2011 - (RealEstateRama) -- Memphis-area home sales for November jumped 28.4 percent from a year ago, with 1,076 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales rose 2.1 percent from October, when there were 1,054 sales. Average sales price year-over-year was down 15.2 percent and year-to-date was also down 2.6 percent at $125,504. YTD total sales declined 8.3 percent. Inventory was down 4.7 percent from the previous month, with 7,673 units listed for sale. YTD sales volume fell 10.8 percent to $1.49 billion.

October Market Report

MEMPHIS, TN - November 14, 2011 - (RealEstateRama) -- Memphis-area home sales for October declined 2.9 percent from a year ago, with 1,054 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales fell 2.7 percent from September, when there were 1,083 sales. Average sales price year-over-year was down 1.5 percent and year-to-date was also down 1.5 percent at $126,080. YTD total sales declined 10.9 percent. Inventory was down 2.3 percent from the previous month, with 8,053 units listed for sale. YTD sales volume fell 12.3 percent to $1.36 billion.

June Market Report

MEMPHIS, TN - July 6, 2011 - (RealEstateRama) -- Memphis-area home sales for June rose 4.5 percent from a year ago, with 1,612 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Existing home sales were up 5.8 percent from 2010. Total sales increased 16.1 percent from May (1,389).

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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August Market Report

Memphis-area home sales for August increased 10.3 percent from a year ago, with 1,942 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 11.2 percent from July when there were 1,747 total sales. Average sales price from August-to-August was up 4.4 percent, at $183,175. Inventory decreased 2.1 percent, with 4,713 units listed for sale. Year-to-Date sales volume was up 13.7 percent at $2.24 billion.