1st Quarter-2008 Residential Sales Results

The numbers for March,2008 and the first quarter are in from The Memphis Area Association of REALTORS (MAAR). Number of sales was off (22.3%) from last year with the Median sale price dropping from $132,000 to $120,000 (-9.1%). March 2008 home sales contributed more than $172 million to the Memphis-area economy.
Historical home sales statistics are located at www.maar.org/media.
“Pending sales remained at the increased levels we saw last month, indicating continued strong market activity,” said MAAR President John Snyder.

If you love statistics, like I do, or if you want to see how your community fared, you will want to check out the full report at:
http://www.spake.com/memphishomesales.htm (click the March link).

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Joe Spake is a Memphis-based Real Estate Broker and Consultant. He blogs at Joe Spake's Weblog and Memphis Real Estate Buzz. Joe's Social Network.