“The average sales price numbers would suggest the market is starting to become more stable,” said MAAR President Glenn A. Moore. “We also know the general economy still has some work to do.”
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Saturday, December 11, 2010
MAAR Releases October Market Report
Memphis-area home sales for October fell 6.6 percent from September with 958 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Year to date, average sales price stood at $128,043 – up 0.3 percent from 2009. Total sales declined 29 percent from October 2009, when the first-time home buyer tax credit gave sales a boost. Inventory from September to October decreased 2.9 percent with 9,126 units listed for sale. Overall sales volume through the first 10 months of 2010 was $1.52 billion.
Historical home sales statistics are located at www.maar.org/marketreports.
“The average sales price numbers would suggest the market is starting to become more stable,” said MAAR President Glenn A. Moore. “We also know the general economy still has some work to do.”
“The average sales price numbers would suggest the market is starting to become more stable,” said MAAR President Glenn A. Moore. “We also know the general economy still has some work to do.”
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