Market Sees Little Variance in Sales Prices
Memphis-Area Market, Market Reports, Media Releases
Published Monday, May 8, 2023by Kira McNeil
MEMPHIS, Tenn., May 5, 2023 – Memphis-area home sales for April decreased 36.3 percent from a year ago, with 1,018 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 25.3 percent from March, when there were 1,367 total sales. Average sales price from April-to-April was up 2.1 percent, at $262,293. Inventory increased 6.1 percent, with 2,975 units listed for sale. Year-to-date sales volume decreased 28.3 percent, to $1.09 billion. "Inventory is up 6.1 percent from March, so people are starting to make their spring moves," said MAAR President Carmen Prince. "Although overall numbers are not where they were in 2022, it's still important that a home be move-in ready in this market."
Median Sales Price Down by 1.5 Percent
Memphis-Area Market, MLS Sales Reports
Published Wednesday, April 19, 2023by Kira McNeil
The Multiple Listing Service sales report showed pending sales at 954 as of April 18, up 0.5 percent from mid-March. Active listings stood at 2,975, up 6.1 percent from a month earlier.
Other numbers of note:
Prepared for maar.org by Don Wade, 901.485.1653.