There is definitely a change taking place right now in the Memphis real estate market. Like the picture above, the fog is lifting and the city is starting to come alive again with real estate transactions starting to show improvement in many areas. The change can be seen very clearly in both the residential retail market and the residential investment market. The Memphis Area Association of Realtors (MAAR) has reported some very interesting numbers over the last two months. Sales are up. Pricing is up and properties are moving quicker. All of those are good signs for the Memphis market.
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Memphis Real Estate Sales Show Big Growth To Start 2013
Memphis Area Association of Realtors Reports Big Growth
The Memphis Area Association of Realtors (MAAR) showed a tremendous increase in year over year sales for January to start 2013. The association released data entered into the MAAR data property records database showing over 1,250 sales for the month of January which was a 46% increase over January of 2012. The total number of properties sold was also an 8.9% increase over December of 2012.
