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Memphis sees the highest number of monthly home sales this year, but is still 25% behind 2022

2023’s Memphis real estate trends continued in June with fewer homes sold and a decrease in median home sale prices, according to data from the Memphis Area Association of Realtors.

Here are four things to know from the association’s June report on the housing market in the area.

How many Memphis-area homes were sold in June?

According to the MAAR report, there were 1,762 homes sold in June this year. That is down 12.6% compared to 2,016 homes sold in June 2022.

June had the highest number of monthly sales for the current year. March (1,367) had the second-highest number

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Brooklyn Open Houses: A Renovated Fort Greene Brownstone

Our picks for open houses to check out this weekend are found in Fort Greene, Crown Heights, Bed Stuy, and Bay Ridge. They range in price from $1.475 million to $6.7 million.

parlor with wood floors, white walls and a view to the original stair

275 Adelphi Street
Price: $6.7 million
Area: Fort Greene
Brokers: Douglas Elliman (Lindsay Barton Barrett, Maggie L. Marshall, Bradley Rodenberg, Douglas Brown)
Sunday July 9, 2-3 pm, by appointment only
See it here -

parlor with wood floors and a mantle

903 Sterling Place
Price: $2.75 million
Area: Crown Heights
Brokers: Compass (Marta Maletz, Michael Davis)
Sunday July 9, 2-3:30 p.m
See it here -

garden level living room with wood mantel

851 Putnam Ave
Price: $1.595 million
Area: Bed Study
Brokers:

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Bear of the Day: Sphere Entertainment (SPHR)

Sphere Entertainment (SPHR) currently lands a Zacks Rank #5 (Strong Sell) as the company has moved further away from profitability at the moment.

The road ahead may be bumpy upound Sphere’s spinoff from Madison Square Garden Entertainment (MSGE) on April 20. Sphere’s first independent venue is currently under construction in Las Vegas and will weigh on its bottom line with the company planning to open a second venue in London as well.

Furthermore, Sphere’s two regional television networks, MSG Network and MSG Sportsnet will naturally face increasing competition from a plethora of streaming services.

Declining Earnings Estimates

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Carol Burnett sells her Los Angeles home for $3.7M

Carol Burnett attends the CBS’ “The Carol Burnett Show 50th Anniversary Special” at CBS Television City on October 4, 2017 in Los Angeles, California. (Photo by Tommaso Boddi/WireImage) (Getty Images)

Carol Burnett’s Los Angeles home has sold for $3.7 million.

The home was remodeled in 2011 and was originally listed for $4.2 million in October. The three-bedroom unit in the Wilshire condominium building in Westwood was the actress’ longtime home.

The condo is about 2,800-square-foot, with private elevator access.

Carol Burnett has sold her home for $3.7 million. (Getty Images/Cannon Schmidt / The Salty Shutters for Sotheby’s International Realty