Memphis Area Market Report
Average sales price up 5.7% compared to Sept. 2023
However, sales were down 12.1% from Aug. 2024.
Market Reports, Memphis-Area Market
Published Tuesday, October 8, 2024 8:00 amby MAAR Communications
MEMPHIS, Tenn., October 8, 2024 – Memphis-area home sales for September decreased 4.2 percent from a year ago, with 1,284 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 12.1 percent from August, when there were 1,460 total sales. Average sales price from September-to-September was up 5.7 percent, at $288,857. Inventory remained flat, with 3,980 units listed for sale. September average DOM was 47. Sales volume YTD increased 3.4 percent, to $3.31 billion. “It was a strong month for new home sales, which were up 26 percent from September of 2023,” said MAAR President Scott Bettis. “The market is still active as we go deeper into autumn.”
Year-to-date sales volume is up nearly 4% when compared to 2023.
Market Reports, Memphis-Area Market
Published Friday, September 13, 2024 8:00 amby MAAR Communications
MEMPHIS, Tenn., September 13, 2024 – Memphis-area home sales for August decreased 8.5 percent from a year ago, with 1,460 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 0.6 percent from July, when there were 1,451 total sales. Average sales price from August-to- August was down 1.7 percent, at $274,863. Inventory increased 6.0 percent, with 3,981 units listed for sale. Sales volume YTD increased 3.9 percent, to $2.94 billion. “There was a slight bump from July to August in total sales,” said MAAR President Scott Bettis. “The increase in inventory means fall buyers have more options.”