Welcome to the new Marx-Bensdorf, Realtors blog! We’re glad you’re here, and we hope you will continue to stop by as we write about trends in our industry and give expert advice as real estate professionals.
Whether you’re buying or selling a house right now, planning to move to the area, or just want to keep up with trends in the Greater Memphis area, we think you’ll find our posts useful and interesting. On the blog, we plan to profile up-and-coming areas of town, give advice for relocating, share buying and selling tips, discuss new housing developments and give readers a sense of our passion for the Memphis community.
If there are other topics you would like to see us cover, please let us know in the comment section below or over on our Facebook page. Besides all of the topics we just mentioned, which we’re eager to discuss, there’s another big reason behind our beginning this blog.
Who We Are Today as Memphis Realtors
As you may already know, this is a really exciting time for Marx-Bensdorf, Realtors and the Memphis real estate market as a whole! We’re a team of over 40 Realtors with a wide breadth of expertise and access to the latest technology and research to aid our clients with buying and selling residential properties.
Yet we still work with the same values of customer service and professional dedication that our firm has held for the past 148 years. What’s more, we’re fortunate to be situated in an expanding metropolitan area with a rejuvenated real estate market.
Trends in the Memphis Real Estate Market
Recently the Memphis Area Association of Realtors (MAAR) had some very positive statistics to share with the community. Comparing April 2016 to April 2015, MAAR observed a 13.5% increase in the number of properties sold in the Greater Memphis Area.
The MAAR also cited significant growth in certain locations throughout the Mid-South. Again comparing April 2015 to April 2016, Downtown, Midtown and East Memphis sales volumes grew approximately 19% each. Germantown, Collierville, Cordova, Lakeland, Arlington and Millington sales were also up. Of those, the most significant jumps were Millington by 40% and Arlington by 54%.
These stats just affirmed the trends we have already noticed in the market, as we see so many families who love the opportunity and open space of Arlington and Millington, while many professionals and millennials are seeking an urban lifestyle with revitalized Midtown and Downtown properties.
Growth in New Home Construction
According to the U.S. Commerce Department, over the past month the South has experienced a 14% increase in new home construction “starts.” This same report, created at the end of April, found that home construction on the national level had increased 10% since the beginning of the year.
Then last week, the Wells Fargo Builder Sentiment Index from the National Association of Home Builders demonstrated that the majority of builders have a positive outlook on the sales front for the fourth month in a row.
Your Memphis Realtors are Ready to Help
What does all of this mean for Marx-Bensdorf, Realtors and you, our clients and friends? Now is an excellent time to get involved in the Memphis real estate market. If your household has evolved, or your family’s needs have changed over the past few years, moving might make sense for a variety of reasons.
That’s where we come in, to help you list your current home and find a new property that’s perfect for your family, close to all of the amenities you need, and full of dynamic living spaces with tons of potential.
Now we encourage you to go ahead and browse our site to see some of what is available. Then, let us know how we can help, and of course check back with our blog every now and then for area trend updates and new real estate tips you won’t find anywhere else!