August 2012 Market Trends for the Memphis area.

1. RE/MAX of Kentucky/Tennessee
Memphis, TN
Market Trend RE/port
August 2012
September 14, 2012

2. August Highlights 2012 vs. 2011
For Memphis, TN comparing 2011 to 2012
there are . . .
• 96 more Properties sold than this time last year
• Listings have been selling 26 days faster in 2012
• 12% more listings under contract compared to August 2011
• 27% less listings for sale in 2012
• Average sales price has increased in 2012 by 3% or $3,400
• 48% less monthly supply of inventory in 2012
• Inventory is less than 2011 and home prices are on the way up!
Page 2

3. Number of Units Sold
Page 3

4. Days on Market
Page 4

5. Pending Listings
(Under Contract)
Page 5

6. Number of Listings For Sale
Page 6

7. Average Sales Price
Page 7

8. Monthly Supply of Inventory
(Under Contract)
Page 8

9. Data provided by Terradatum. The above representation is based in whole or in part on data from the local Multiple Listing
Service for the time period indicated. RE/MAX, the Multiple Listing Service, and the member Associations of REALTORS do not
guarantee or are in any way responsible for the data accuracy.