MAAR revises 2009 home sales statistics - Memphis Business Journal:

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percent compared to 2,095 in April 2008. Homes sold for an averagwe of $112,366 for the month, down 8.4 percent comparesd to $122,684 in April last year. Foreclosure sales dropped 43.2 percent to 329 in Aprio compared to theprevious Year-to-date, there have been 6,234 totalp homes sales in the three-county down 23.5 percent compared to 8,154 in the same year-agop period. The total year-to-date sales volumwe is $676.2 million, down 31.3 percenr compared to $984.8 million in the same period last year. The averag e sales price year-to-date is $108,482, down 10.2 percent comparedd to $120,770 last year.
the average sales price for all sales increased slightlt from March to April and pending saless were flat in that sametime “We continue to see slight increases in overall pricing, whicg could be an indicatiohn that our local market is stabilizing in terms of MAAR president Jon Albright said in a statement. “Witg pending sales holding steady, inventoryt levels continue to decline, falling below 10,000 unitsw for the first time since 2006.
” MAAR revisec its sales reports after switching data sourcexin January, going from its Multiple Listing Servic e to MAARdata, a proprietary property records database that captures every sale publicly recorded in Fayette and Tipton counties. Because MAARdatz includes all sales, not just those conducted by MAAR memberzs throughthe organization’s MLS, it providew a more comprehensive look at the loca real estate market, according to In the past, MAAR pulledx sales data for a given month on the 15th of the followinyg month to allow for the inhereny lag in data recording.
Becausee MAARdata relies on information frompublic sources, the organization discoverecd the lag time between when a sale closed and when it is recorded can be as lengthy as 30 leading to the revised salews information for January, February, March and