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Third Quarter 2009 Residential Market Update

October 8th, 2009
  • At the close of 3Q09, Shelby County saw a total of 3,980 home sales, down 9.8% from the same quarter in 2008.  
  • Bank Sales were down 9% compared to 3Q08.
  • New Home Sales claimed only 7% of the market and are down 31% from third quarter 2008.
  • Residential Foreclosures were down 1% from 3Q08 with a total of 1,507.
  • At the close of the quarter, Frayser (38127) has the most foreclosed inventory with 454 properties valued at almost $24mil.  

Click here to review the latest, most comprehensive Market Trend Reports, Detailed Foreclosure Analysis and New Housing Inventory Analysis. 

Register today for our Free Breakfast Seminar on Thursday, November 12th from 9:30AM-10:30AM at MAAR’s Education Center. Learn about our new features including our Foreclosure Effect Report, Market Conditions Analysis Tool and How to Map Your Selected Sales Comparables!

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