Top Agents in Memphis, Tennessee – Individuals By Sides
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Rank – City Sides | Full Name | Company | Location | Sides | Profile |
---|---|---|---|---|---|
1 | Tracie Benetz | Emmett Baird Realty | Memphis, TN | 56.0 | View Profile |
2 | Melody Bourell | Marx-Bensdorf REALTORS | Memphis, TN | 46.5 | View Profile |
3 | Myles Wilson | Keller Williams | Memphis, TN | 40.0 | View Profile |
4 | Ruth Ann Robbins | Keller Williams | Memphis, TN | 37.0 | View Profile |
5 | Tammy Davis | Coldwell Banker Collins-Maury | Memphis, TN | 23.5 | View Profile |
6 | Jimmy Reed | Marx-Bensdorf REALTORS | Memphis, TN | 20.5 | View Profile |
2023 Memphis, Tennessee Housing Market Summary
Memphis, Tennessee started 2023 with a total of 861 single-family homes on the market, with a median home price of $189,000 and an average price per square foot of $137. By the end of the year, inventory had increased to 1,353 homes on the market (+57%), with a median home price of $184,900 (-2%) and an average price per square foot of $144 (+5%).
At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 70 days.
Memphis started the year with 41% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 44% of Memphis homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Memphis started 2023 as a strong seller’s market, with an MAI score of 45; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.
This market summary is powered by Altos Research – click here to run a free report for your area.
Real Estate News
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Dec 02, 2024Collabra Technology CEO Russ Cofano joins the “Real Estate Insiders Unfiltered” podcast to explore legal battles, clear cooperation and leadership.
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Compass to acquire Christie’s International Real Estate, @properties
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NAR’s settlement approval already faces an appeal
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Housing Market News
Revolutionized financing: How Zillow empowers home shoppers with innovative tools
Dec 03, 2024 7:00 amProspective homeowners enter the housing market with two questions: Where do I begin? How much home can I afford? Once the process starts, nearly half of home buyers report shedding tears at some point. Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. Fortunately, home buying doesn’t have to remain confusing for new buyers.
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In real estate news today: Trump, Musk, and the housing market’s future
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Frequently Asked Questions
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How are real estate transaction sides defined?
A transaction side represents one side of a transaction: the buyer side or the seller side. If an agent represents both the buyer and the seller, the transaction side is counted twice.
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How is real estate sales volume defined?
Real estate sales volume is defined as the total dollar value of all real estate transactions facilitated by an agent or a brokerage. This encompasses the sum of the sale prices of all properties sold, and not the profit or commission made from these sales.
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What are the classifications of team size?
Small: 2-5 licensed agents
Medium: 6-10 licensed agents
Large: 11-20 licensed agents
Mega: 21+ licensed agents
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What time period is the data used in the rankings from?
The RealTrends Agent Rankings reflect the previous calendar year. For example, the 2023 rankings show data from calendar year 2022.
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Additional questions?
View the full Rankings FAQ page here.
Agent News
Continued downward trend in agent mobility reflects ongoing challenges in real estate market
Nov 29, 2024Key observations from October • Continued decline in agent movement: The seasonally adjusted AMI metric for October dropped to 86.2, marking another decrease in agent mobility and continuing the downward trend observed in recent months. • Factors influencing decline The Presidential election and the implementation of the National Association of Realtors (NAR) settlement appear to have significantly impacted agents’ […]
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Year-end pricing strategies: How to position your listings for maximum appeal
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76% of home sellers say real estate agents are absolutely worth it
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The best free real estate CRMs for 2024 (+ 4 low-cost alternatives)
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Looking backward to look forward: Kevin Sears discusses NAR’s vision for 2025
Nov 08, 2024 -
MLSs seek to reinvent themselves
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How Realtors can leverage micro-market shifts to drive urgency and capitalize on opportunities in a challenging market
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Here’s what buyers and sellers want from their real estate agent
Nov 05, 2024