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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.

July Market Report

Memphis-area home sales for July increased 4.5 percent from a year ago, with 1,747 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were down 7.4 percent from June when there were 1,887 total sales. Average sales price from July-to-July was down 0.7 percent, at $180,432. Inventory increased 0.8 percent, with 4,815 units listed for sale. Year-to-Date sales volume was up 12.7 percent at $1.86 billion.

June Market Report

Memphis-area home sales for June increased 4.2 percent from a year ago, with 1,887 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 6.1 percent from May when there were 1,779 total sales. Average sales price from June-to-June was up 1.6 percent, at $186,626. Inventory increased 1.7 percent, with 4,777 units listed for sale. Year-to-Date sales volume was up 13.3 percent at $1.53 billion.

Lamberson and Poag Receive Top Pinnacle Award Honors

The Memphis Area Association of REALTORS® Commercial Council honored the top performers in commercial real estate for 2016 at the 16th Annual Pinnacle Awards gala held April 6 at the FedEx Event Center at Shelby Farms. Coming away with the evening’s highest honors were Commercial Hall of Fame inductee Dan Poag, of Poag Shopping Centers, and Wyatt Aiken Commercial Broker of the Year winner Johnny Lamberson, of CB Richard Ellis Memphis.

REALTOR® Emeritus Honorees Recognized by MAAR

The Memphis Area Association of REALTORS® this year honored 18 people with the REALTOR® Emeritus designation. The prestigious REALTOR® Emeritus designation recognizes those who have held successive membership in the National Association of REALTORS® and a local Association for 40 years. Lasik Surgery Nashville, TN

October Market Report

Memphis-area home sales for October increased 9.3 percent from a year ago, with 1,523 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 5.8 percent from September, when there were 1,616 total sales.

THDA announces winners of 2016 Tennessee’s Best awards

The Tennessee Housing Development Agency has announced the winners of the 2016 Tennessee’s Best awards during the Governor’s Housing Conference held this month in Nashville.

September Market Report

MEMPHIS, Tenn., Oct. 7, 2016 – Memphis-area home sales for September increased 11.4 percent from a year ago, with 1,616 total sales recorded in...

Perrey Elected NCSHA Vice President

Executive directors from all 50 state housing agencies have cast their votes, and Tennessee’s Ralph M. Perrey has been elected vice president of their national organization. The National Council of State Housing Agencies (NCSHA) is hosting its annual conference in Miami this week. Elections for the organization’s five-member executive committee were held Sunday, Sept. 25. Perrey, who leads the Tennessee Housing Development Agency (THDA), previously served two terms as secretary/treasurer of the organization

MAAR Members Elect Board of Directors for 2017-2018

At the Memphis Area Association of REALTORS® Annual Meeting and Election September 8, MAAR members elected six individuals to the 2017-2018 Board of Directors.

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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.