Published Friday, October 6, 2023by Kira McNeil
MEMPHIS, Tenn., Oct. 6, 2023 – Memphis-area home sales for September decreased 28.7 percent from a year ago, with 1,339 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 15.8 percent from August, when there were 1,591 total sales. Average sales price from September-to-September was up 0.6 percent, at $273,330. Inventory increased 7.0 percent, with 3,542 units listed for sale. Sales volume YTD decreased 25.1 percent, to $3.19 billion. "Inventory went up 7 percent, so that should give buyers a little more leverage," said MAAR President Carmen Prince. "Average sales price is still up year-over-year."
Published Monday, October 16, 2023by Kira McNeil
The Multiple Listing Service sales report showed pending sales at 869 as of October 16, down 5.7 percent from mid-September. Active listings stood at 3,668, up 3.6 percent from a month earlier.
Other numbers of note: