Category Archives: Memphis Market Data

I’m sure you’ve been watching the news over the last few days and seeing Memphis in the headlines.  The Mississippi River is a few inches shy of an all time record crest.  Despite this the vast majority of the Memphis area’s 1.4 million residents sit well above the areas which … Continue reading →

Mitsubishi Electric announced it will build a $200 million facility as its headquarters for the Group’s heavy electrical equipment production in North America.  The 350,000 sq-ft plant will manufacture large rail-car sized transformers.  Being closer to Memphis’ growing rail facilities was a component of its decision.  The new plant employ … Continue reading →

The Memphis Area Association of Realtors reported that 960 units of housing sold in January reducing the inventory to 8,382 total units on the market, a year-over-year decline of 7.3%.  At the current rate the market is absorbing inventory, the supply stands at 8.7 months.  Particularly interesting was the number … Continue reading →

Our Memphis market is seeing an improving unemployment rate.  The unemployment rate dropped from 10.4% in September 2009 to 9.5% in September 2010.  This constitutes the 5th largest reduction in unemployment for a major metro area in the US according to a recent article in Urban Land.  Employment conditions are … Continue reading →