Zillow indicates upward trend in Memphis home sales prices

Memphis in-city home sale prices are showing an upward trend, according to national real estate site, Zillow.

It seems that we are barraged with so much real estate data and opinion these days, that it is hard to decipher what is really happening in our micro-market.  Here is data for the in-city areas:  Downtown, Midtown, and East Memphis, as well as the Memphis line.  The in-city properties are on an upward trend.  That may not be true for other micro markets in the area, but thing are starting to look better in my market specialty areas.l

2009 Median Sales Prices for  Memphis, Midtown, Downtown and East Memphis

2009 Median Price $/square foot – for Memphis, Midtown, Downtown and East Memphis

By the Way, Check the countdown clock in the right sidebar. Time is running out for the $8000 tax credit. Remember you have to be closed on a home before December 1, 2009 to be eligible. Will the credit be extended, as the current buzz is saying? Who knows? Do you really want to gamble on losing an $8000 windfall?

Joe Spake is a Memphis, Tennessee based Consultant, Real Estate Broker, and Blogger. Call 901.214.5563 for a consultation or click to make a social connection.
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Tagged as: home values, Memphis, prices, sales prices