Memphis is passing through a growing moment in foreclosure market. Nowadays, we have 164 foreclosures available in the city. And compared to last month things got easier for those who want to invest, with more foreclosures in the market and more chances of deals. Memphis started September with 97 foreclosures available. October registered a rise to 129 homes, or 32.99%. The city had a down in November: 0.00%, leaving 129 properties in the market. Things got worse in December with a drop to 129 homes in foreclosure available (0.00%). Opportunities went abundant for buyers last month, with a rise, when Memphis registered 152 foreclosures, a 17.83% increase comparing to December.
As for the cost, Memphis has a huge difference in prices comparing to all US. Nowadays, investors can buy foreclosure homes in Memphis for $75,549, a value 55.76% below the US average price ($170,757), and a 1.16% increase compared to the prices of January in the city.



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