The Wall Street Journal posted today that new September homes sales jumped 2.7% but prices fell. Except for downtown Memphis real estate that is. Yesterday I posted how our downtown Memphis real estate average sales price is up 6.9%. Again, this is a great sign of our market's condition. We have a great inventory, not overbuilt like some say; in fact development must continue but a responsible pace. Overall, the South region, according to the WSJ was up .7% which is great news for our market.
I welcome the opportunity to help you with any of your downtown Memphis real estate questions. Let me show you haw this can become your view.
-Jason Durston
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