Memphis Home Sales Surged in July -- While U.S. Compared to 2010

Summary


Memphis-area home sales in July surged against the national current, rising 21 percent compared to a 3.5 percent drop in sales nationwide.

In Memphis, 987 homes were sold compared to 816 in July 2010, according to the Multiple Listing Service Sales Report encompassing Shelby and seven surrounding counties.

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Extract


Memphis Home Sales Surged in July -- While U.S. Compared to 2010

The contrast in local and national sales may best be explained by the especially poor month for the Memphis area in July 2010, when sales were off nearly 29 percent compared to July 2009....

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