"Home prices in Memphis Typically, home price per square foot in Memphis tend to rise in October. And the most recent data shows that the price per square foot increased by 21.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Bluff City are outpacing the national market."
"In October, there were 2,305 homes for sale in Memphis, which was 1.0% more than the month before and 20.4% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. The number of new listings in Memphis was 628, which was 4.6% less than the month before and 1.9% more than the same time last year."
Median listing price in Memphis was $192,450 in October, falling substantially from the previous month. Price per square foot in Memphis increased 21.3% month-over-month, while nationally price per square foot decreased 0.8%, indicating local price changes are outpacing the U.S. Inventory in Memphis totaled 2,305 homes for sale, up 1.0% from last month and 20.4% year-over-year. New listings numbered 628, down 4.6% month-over-month and up 1.9% year-over-year. Homes in Memphis averaged 70 days on market, four days longer than the prior month and five days longer than last year; the national average was 63 days.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]