Market Reports, Memphis-Area Market

Published Wednesday, July 10, 2024 8:00 amby MAAR Communications

MEMPHIS, Tenn., July 9, 2024 – Memphis-area home sales for June decreased 11.7 percent from a year ago, with 1,580 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 12.1 percent from May, when there were 1,410 total sales. Average sales price from June-to-June was up 2.4 percent, at $296,816. Inventory increased 6.3 percent, with 3,627 units listed for sale. Sales volume YTD increased 5 percent, to $2.10 billion. 

“Sales were up 12.1 percent from last month,” said MAAR President Scott Bettis. “And there’s enough inventory for buyers to have a few options.”

Market Reports, Memphis-Area Market

Published Wednesday, June 12, 2024 8:00 amby MAAR Communications

MEMPHIS, Tenn., June 12, 2024 – Memphis-area home sales for May increased 8.0 percent from a year ago, with 1,410 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 2.2 percent from April, when there were 1,380 total sales. Average sales price from May-to-May was up 4.4 percent, at $285,607. Inventory decreased 0.4 percent, with 3,412 units listed for sale. Sales volume YTD increased 10.1 percent, to $1.64 billion.  “Sales were up 8 percent from May of 2023, and they are up even more year-to-date,” said MAAR President Scott Bettis. “Monthly sales volume for the year is also substantially higher.”