From the Memphis Business Journal:
– 21 condos were sold Downtown last month, compared to 43 for June 2006, more than a 50% decline.
– For 2007 through the end of June, there have been 116 condo sales Downtown, a 45.8% decline from January-June 2006.
– Condos sold in June spent an average of 132 days on the market, compared with 76 days for June 2006.
Looks like the condo boom is slowing down in Downtown Memphis.
(Edited to add: Maybe the reason people don’t want to buy down here anymore is because Downtown Memphis has become a panhandler’s paradise.)