Page 1

MARKETReport


Memphis Area Home Sales Report September 2017 Sales Summary September Total Sales Units Median Sales Price Average Sales Price

2017 1,606 $145,000 $179,936

2016 1,644 $132,000 $165,265

YTD Total Sales

% change -2.3% 9.8% 8.9%

2017 14,692 $137,500 $172,010

2016 13,570 $133,500 $164,861

% change 8.3% 3.0% 4.3%

September Existing Home Sales

YTD Existing Home Sales

Units Median Sales Price Average Sales Price

2017 2016 % change 1,545 1,585 -2.5% $139,700 $126,501 10.4% $170,986 $160,415 6.6% September New Home Sales

2017 2016 % change 14,125 12,990 8.7% $132,500 $128,000 3.5% $165,391 $158,538 4.3% YTD New Home Sales

Units Median Sales Price Average Sales Price

2017 2016 % change 61 59 3.4% $335,000 $260,428 28.6% $406,633 $295,546 37.6% September Bank Sales

2017 567 $287,900 $336,900

2016 % change 580 -2.2% $272,828 5.5% $306,461 9.9% YTD Bank Sales*

Units Median Sales Price Average Sales Price

2017 2016 % change 73 140 -47.9% $44,500 $48,925 -9.0% $74,580 $79,561 -6.3% September Non-Bank Sales

2017 979 $50,150 $74,556

2016 % change 1,459 -32.9% $48,000 4.5% $73,954 0.8% YTD Non-Bank Sales

2017 1,533 $150,000 $184,953

2017 13,713 $145,000 $178,967

Units Median Sales Price Average Sales Price

2016 1,504 $140,000 $173,243

% change 1.9% 7.1% 6.8%

2016 12,111 $145,000 $175,812

% change 13.2% 0.0% 1.8%

OCT

1,367 1,487

1,489

SEP

1,086

AUG

1,336 1,523

1,424 1,616 1,606

MAY2015 JUN2016 JUL 2017

1,483 1,738 1,942

1,685 1,621 1,747

APR

1,663 1,781 1,887

MAR

1,384 1,539 1,779

FEB

1,268 1,511 1,471

JAN

1,270 1,352 1,634

934 1040 1,130

2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0

1,033 956 1,134

Data compiled from deeds that were recorded in Shelby, Fayette and Tipton counties. *Bank sales represent all warranty deeds recorded in Shelby, Fayette and Tipton counties where the seller was a bank, REO company, or other similar institution.

NOV Source is DEC MAARdata unless otherwise noted.


Memphis Area Home Sales Report September Sep Active Listings, Pending Sales and Foreclosure Action Summary Active Listings as of (09-18-17)

Pending Sales as of (09-18-17)

Units 4,389 179 59 4,627

Units 1,577 34 32 1,643

Single Family Condo/Co-op Duplex Market Total

Ave. List Price $270,198 $192,808 $75,086 $264,716

Single Family Condo/Co-op Duplex Market Total

September Foreclosure Actions 2017 117

Total

2016 156

Ave. List Price $185,978 $166,450 $62,842 $183,176

YTD Foreclosure Actions

% change -25.0%

2017 1,464

2016 1,737

% change -15.7%

Compiled from trustee deeds recorded in Shelby, Fayette and Tipton counties.

6,000 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000

Inventory Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16

6,291 6,086 5,793 5,377 5,474 5,564 5,595 5,535 5,639 5,732 5,666 5,504

Oct-16 Nov-16 Dec-17 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17

5,399 5,235 4,715 4,344 4,500 4,464 4,681 4,697 4,777 4,815 4,713 4,627

Sept17

Aug17

July17

June17

May17

Apr17

Mar17

Feb17

Jan17

Dec16

Nov16

Oct16

Sept16

Aug16

July16

Active Listings: Trend and 24-Month Totals


Southwind

Hickory Hill

Parkway Village/ Oakhaven

Whitehaven E. Memphis

Berclair/ Highland Heights

S. Memphis

Midtown

Downtown

Raleigh/ Cov. Pike

Frayser

September 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

September Total Sales 2017 2016 % change 81 65 24.6% $26,000 $23,800 9.2% $43,229 $36,976 16.9% 95 102 -6.9% $89,500 $75,500 18.5% $82,698 $73,506 12.5% 28 53 -47.2% $245,000 $220,000 11.4% $240,825 $224,141 7.4% 80 82 -2.4% $174,700 $121,833 43.4% $181,714 $138,989 30.7% 37 18 105.6% $18,500 $20,250 -8.6% $20,989 $23,044 -8.9% 49 43 14.0% $36,500 $38,325 -4.8% $41,713 $46,810 -10.9% 260 281 -7.5% $135,250 $115,000 17.6% $187,316 $167,611 11.8% 50 67 -25.4% $58,750 $46,000 27.7% $65,086 $54,226 20.0% 54 58 -6.9% $50,500 $58,750 -14.0% $54,143 $59,067 -8.3% 111 110 0.9% $109,500 $92,450 18.4% $110,037 $98,582 11.6% 11 13 -15.4% $215,400 $252,900 -14.8% $279,059 $476,538 -41.4%

September Existing Sales 2017 2016 % change 81 65 24.6% $26,000 $23,800 9.2% $43,229 $36,976 16.9% 95 102 -6.9% $89,500 $75,500 18.5% $82,698 $73,506 12.5% 28 52 -46.2% $245,000 $222,000 10.4% $240,825 $225,326 6.9% 80 82 -2.4% $174,700 $121,833 43.4% $181,714 $138,989 30.7% 37 18 105.6% $18,500 $20,250 -8.6% $20,989 $23,044 -8.9% 49 43 14.0% $36,500 $38,325 -4.8% $41,713 $46,810 -10.9% 259 281 -7.8% $135,000 $115,000 17.4% $187,001 $167,611 11.6% 50 67 -25.4% $58,750 $46,000 27.7% $65,086 $54,226 20.0% 54 58 -6.9% $50,500 $58,750 -14.0% $54,143 $59,067 -8.3% 105 100 0.0% $100,000 $89,999 11.1% $102,564 $92,638 10.7% 10 12 -16.7% $213,700 $313,500 -31.8% $274,830 $495,175 -44.5%

September New Home Sales 2017 2016 % change

1 $162,508

September Bank Sales 2017 2016 % change 10 11 -9.1% $21,251 $19,400 9.5% $19,780 $22,081 -10.4% 5 11 -54.5% $67,000 $41,000 63.4% $66,980 $35,556 88.4% 1 1 0.0% $3,800 2 $70,535 3 $15,000 $16,368 2

6 $217,500 $240,811 1

5 $228,701 $223,404 1

20.0% -4.9% 7.8% 0.0%

$49,000 6 $71,500 $133,013 9 $37,000 $37,799 9 $35,001 $32,790 10 $75,500 $78,180 1

$321,350

$252,900

27.1%

$432,000

1 $269,000

$9,700 11 $44,800 $60,676 2

-60.8% -81.8%

$17,500 4 $64,904 $57,451 16 $41,375 $46,980 16 $28,976 $32,163 12 $35,113 $36,348 12 $58,000 $73,682 2

-6.5% -50.0% -14.7% -62.5% 72.8% 183.1% -43.8% 27.7% 17.5% -25.0% -0.3% -9.8% -16.7% 30.2% 6.1% -50.0%

$316,902

36.3%

16.2% 50.0%


Tipton County

Fayette County

Shelby County

Millington

Arlington

Lakeland

Collierville

G'town

Bartlett

Cordova

September 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

September Total Sales 2017 2016 % change 224 218 2.8% $160,000 $136,950 16.8% $171,457 $148,689 15.3% 109 139 -21.6% $187,500 $195,700 -4.2% $200,490 $202,171 -0.8% 92 82 12.2% $302,000 $276,000 9.4% $337,192 $311,650 8.2% 109 109 0.0% $355,000 $315,000 12.7% $375,121 $331,756 13.1% 33 24 37.5% $289,900 $218,500 32.7% $343,525 $240,354 42.9% 43 29 48.3% $267,000 $230,000 16.1% $262,321 $238,447 10.0% 21 17 23.5% $98,500 $65,000 51.5% $120,563 $93,139 29.4% 1,467 1,496 -1.9% $141,900 $126,450 12.2% $179,009 $162,880 9.9% 74 65 13.8% $198,500 $179,400 10.6% $228,895 $224,037 2.2% 65 83 -21.7% $136,000 $145,000 -6.2% $145,132 $162,232 -10.5%

September Existing Sales 2017 2016 % change 218 210 3.8% $158,500 $133,000 19.2% $168,429 $145,138 16.0% 99 130 -23.8% $178,000 $188,950 -5.8% $188,453 $198,396 -5.0% 89 82 8.5% $295,000 $276,000 6.9% $325,098 $311,650 4.3% 92 100 -8.0% $322,500 $299,000 7.9% $337,413 $319,431 5.6% 33 24 37.5% $289,900 $218,500 32.7% $343,525 $240,354 42.9% 35 25 40.0% $242,000 $216,000 12.0% $248,985 $229,052 8.7% 21 17 23.5% $98,500 $65,000 51.5% $120,563 $93,139 29.4% 1,415 1,459 -3.0% $136,000 $121,665 11.8% $170,434 $159,344 7.0% 67 50 34.0% $180,000 $160,950 11.8% $211,836 $205,315 3.2% 63 76 -17.1% $132,500 $139,750 -5.2% $139,938 $151,444 -7.6%

September New Home Sales 2017 2016 % change 6 8 -25.0% $284,041 $232,174 22.3% $281,474 $241,911 16.4% 10 9 11.1% $312,164 $255,442 22.2% $319,658 $256,709 24.5% 3 $713,368 $695,978 17 9 88.9% $509,000 $436,950 16.5% $580,472 $468,704 23.9%

8 $318,369 $320,667

4 $300,111 $297,164

100.0% 6.1% 7.9%

52 $329,977 $412,345 7 $429,762 $392,172 2

37 $273,350 $302,300 15 $224,918 $286,446 7 $272,468 $279,352

40.5% 20.7% 36.4% -53.3% 91.1% 36.9% -71.4%

$308,750

10.5%

September Bank Sales 2017 2016 % change 5 19 -73.7% $110,500 $97,601 13.2% $134,883 $103,788 30.0% 1 8 -87.5% $159,772 $167,105 $166,757 0.2%

3 $170,634 $209,211 1 $125,000 1 $135,000 1

65 $38,000 $66,544 4 $141,750 $184,625 4 $70,025 $95,118

$57,774 130 $45,000 $68,676 5 $157,000 $327,340 5 $105,000 $114,786

-50.0% -15.6% -3.1% -20.0% -9.7% -43.6% -20.0% -33.3% -17.1%


Southwind

Hickory Hill

Parkway Village/ Oakhaven

Whitehaven E. Memphis

Berclair/ Highland Heights

S. Memphis

Midtown

Downtown

Raleigh/ Cov. Pike

Frayser

September 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

2017 702 $30,000 $43,216 819 $77,750 $77,173 399 $225,500 $233,981 739 $142,000 $161,577 390 $18,500 $25,088 444 $39,000 $42,391 2,478 $137,577 $184,097 560 $56,000 $59,662 473 $52,000 $56,178 1,071 $97,500 $100,447 134 $192,050 $242,187

YTD Total Sales 2016 % change 570 23.2% $22,122 35.6% $37,942 13.9% 725 13.0% $67,000 16.0% $69,395 11.2% 389 2.6% $218,500 3.2% $224,122 4.4% 671 10.1% $137,500 3.3% $161,207 0.2% 274 42.3% $15,000 23.3% $21,222 18.2% 490 -9.4% $31,750 22.8% $37,231 13.9% 2,307 7.4% $131,000 5.0% $178,967 2.9% 524 6.9% $50,000 12.0% $55,082 8.3% 448 5.6% $42,850 21.4% $49,965 12.4% 897 19.4% $89,500 8.9% $93,344 7.6% 105 27.6% $185,000 3.8% $265,485 -8.8%

2017 699 $30,000 $42,994 818 $77,600 $77,168 396 $225,250 $233,738 737 $142,000 $160,994 390 $18,500 $25,088 444 $39,000 $42,391 2,473 $137,500 $183,498 559 $56,000 $59,407 473 $52,000 $56,178 1,033 $95,000 $96,447 121 $182,000 $238,362

YTD Existing Sales 2016 % change 569 22.8% $22,000 36.4% $37,898 13.4% 714 14.6% $66,417 16.8% $68,193 13.2% 373 6.2% $213,000 5.8% $220,013 6.2% 670 10.0% $137,500 3.3% $160,791 0.1% 274 42.3% $15,000 23.3% $21,222 18.2% 490 -9.4% $31,750 22.8% $37,231 13.9% 2,297 7.7% $130,000 5.8% $177,646 3.3% 524 6.7% $50,000 12.0% $55,082 7.9% 447 5.8% $42,700 21.8% $49,783 12.8% 867 19.2% $87,000 9.2% $89,360 7.9% 97 24.7% $175,000 4.0% $264,320 -9.8%

YTD New Home Sales 2017 2016 % change 3 1 200 $129,900 $94,933 $63,000 50.7% 1 11 -90.9% $153,900 $81,500 $147,454 -44.7% 3 16 -81.3% $255,738 $313,540 -18.4% $266,117 $319,932 -16.8% 2 1 100.0% $376,700

$440,000

-14.4%

5 $408,000 $480,000 1

10 $393,250 $482,399

-50.0% 3.8% -0.5%

$202,000 1

38 $217,500 $209,163 13 $244,836 $277,789

$91,000 30 $209,176 $208,485 8 $270,640 $279,611

26.7% 4.0% 0.3% 62.5% -9.5% -0.7%

YTD Bank Sales 2017 2016 % change 90 129 -30.2% $20,128 $17,019 18.3% $28,969 $23,330 24.2% 93 116 -19.8% $53,900 $43,750 23.2% $53,845 $44,938 19.8% 12 22 -45.5% $8,237 $17,715 -53.5% $27,836 $46,770 -40.5% 33 63 -47.6% $54,000 $34,900 54.7% $70,991 $74,991 -5.3% 56 73 -23.3% $15,000 $12,000 25.0% $16,584 $18,086 -8.3% 39 71 -45.1% $32,555 $24,900 30.7% $33,448 $29,617 12.9% 103 165 -37.6% $41,580 $36,900 12.7% $71,523 $58,936 21.4% 97 121 -19.8% $36,500 $28,120 29.8% $39,788 $34,709 14.6% 69 76 -9.2% $39,760 $30,403 30.8% $40,407 $31,909 26.6% 85 160 -46.9% $64,000 $58,000 10.3% $70,633 $68,715 2.8% 11 11 0.0% $134,500 $189,900 -29.2% $184,145 $248,681 -26.0%


Tipton County

Fayette County

Shelby County

Millington

Arlington

Lakeland

Collierville

G'town

Bartlett

Cordova

September 2017

Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price Units Median Sales Price Ave. Sales Price

2017 1,866 $151,500 $167,726 1,019 $190,000 $200,635 708 $304,625 $359,468 962 $337,250 $356,040 266 $255,000 $278,699 329 $242,000 $249,377 176 $114,000 $130,485 13,397 $133,800 $170,396 607 $206,000 $234,335 688 $143,450 $148,457

YTD Total Sales 2016 % change 1,787 4.4% $143,000 5.9% $158,050 6.1% 1,013 0.6% $180,000 5.6% $188,232 6.6% 694 2.0% $270,000 12.8% $317,512 13.2% 916 5.0% $315,000 7.1% $336,485 5.8% 231 15.2% $255,000 0.0% $267,354 4.2% 315 4.4% $231,901 4.4% $233,535 6.8% 173 1.7% $100,000 14.0% $116,606 11.9% 12,343 8.5% $129,900 3.0% $163,794 4.0% 548 10.8% $180,000 14.4% $212,549 10.2% 679 1.3% $137,900 4.0% $145,755 1.9%

2017 1,771 $149,850 $163,940 912 $179,950 $190,463 683 $300,000 $345,253 869 $320,000 $339,310 261 $255,000 $276,628 292 $234,950 $239,173 176 $114,000 $130,485 12,969 $129,900 $164,457 515 $191,000 $221,343 641 $139,900 $139,336

YTD Existing Sales 2016 % change 1,700 4.2% $139,900 7.1% $154,521 6.1% 899 1.4% $170,000 5.9% $179,593 6.1% 682 0.1% $269,000 11.5% $312,177 10.6% 820 6.0% $295,950 8.1% $321,617 5.5% 224 16.5% $255,000 0.0% $264,799 4.5% 273 7.0% $218,250 7.7% $220,982 8.2% 173 1.7% $100,000 14.0% $116,606 11.9% 11,907 8.9% $125,000 3.9% $158,265 3.9% 452 13.9% $165,000 15.8% $197,182 12.3% 631 1.6% $134,000 4.4% $136,005 2.5%

YTD New Home Sales 2017 2016 % change 95 87 9.2% $222,592 $208,000 7.0% $238,304 $227,013 5.0% 107 114 -6.1% $278,305 $252,198 10.4% $287,327 $256,363 12.1% 25 12 108.3% $709,483 $583,250 21.6% $747,839 $620,704 20.5% 93 96 -3.1% $478,000 $436,167 9.6% $512,365 $463,476 10.6% 5 7 -28.6% $356,999 $349,999 2.0% $386,817 $349,128 10.8% 37 42 -11.9% $310,950 $297,798 4.4% $329,906 $315,136 4.7%

428 $297,900 $350,348 92 $257,384 $307,058 47 $279,000 $272,856

436 $280,930 $314,788 96 $244,220 $284,907 48 $269,900 $273,928

-1.8% 6.0% 11.3% -4.2% 5.4% 7.8% -2.1% 3.4% -0.4%

2017 89 $114,150 $128,196 28 $148,000 $170,892 6 $194,750 $221,266 14 $236,200 $254,534 10 $198,700 $205,731 8 $192,500 $184,658 18 $72,500 $110,962 853 $48,000 $71,833 45 $100,000 $124,153 81 $60,000 $75,674

YTD Bank Sales 2016 % change 154 -42.2% $107,366 6.3% $118,915 7.8% 82 -65.9% $137,500 7.6% $141,300 20.9% 15 -60.0% $230,000 -15.3% $297,633 -25.7% 23 -39.1% $201,750 17.1% $265,145 -4.0% 8 25.0% $128,000 55.2% $168,249 22.3% 20 -60.0% $166,500 15.6% $169,889 8.7% 25 -28.0% $61,985 17.0% $78,726 41.0% 1,316 -35.2% $45,405 5.7% $71,709 0.2% 47 -4.3% $96,000 4.2% $136,226 -8.9% 96 -15.6% $63,933 -6.2% $74,253 1.9%


John Green & Company Realtors 108 East Mulberry Street Collierville, TN 38017 901.853.0763 johngreen.com

Market report September 2017 (1)