The Memphis Area Association of Realtors (MAAR)
has released the September 2015 Market Report. The report shows September 2015 sales compared
to September 2014 for the overall Memphis area (which includes sales in Shelby,
Fayette, and Tipton counties) decreased by 9.5% with 1,424 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database . The average sales price from September-to-September was down 0.7% at
$159,120. Inventory decreased .95 percent, with 6,404 units listed for sale. Monthly sales volume YTD increased 7.0 percent to $1.98 billion.
Foreclosure Sales continue
to decrease. Year-to-date 2014 there were 1,664 bank sales as compared to 1,761 this year – a 5.5% decline. While the average YTD sales price decreased by 1.9% to $72,231, the average YTD sales price for non-bank sales increased by 1.8% to $172,389.
“We’re entering the home stretch of a very solid year,” said MAAR President Thomas Murphree. “The market is competitive and opportunities exist for buyers and sellers.”
“We’re entering the home stretch of a very solid year,” said MAAR President Thomas Murphree. “The market is competitive and opportunities exist for buyers and sellers.”
For an in-depth report
of Market trends for the Memphis area, click on the link below.
All information deemed accurate, but not warranted.
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