Memphis area market

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Numbers Show Days on Market Down in February

 

 

 

 

Per the February MLS Report

MLS Sales Reports, Memphis-Area Market

Published Thursday, March 19, 2020by Kira McNeil

The Multiple Listing Service sales report showed pending sales at 1,228 as of March 18, down 0.7 percent from mid-February. Active listings stood at 3,365, up 1.0 percent from a month earlier.

Other numbers of note:

  • Average sales price for February was $217,147, up 6.1 percent from a year ago.
  • Median sales price for February was $182,500, up 8.6 percent from a year ago.
  • The average market time in February was 54 days, down 15.6 percent from a month earlier.
  • There were 447 sales of units that were on the market 30 days or less.
  • At the upper end of the market there were 55 sales of $500,000 or more, up 5.8 percent from a month earlier.

 Prepared for maar.org by Don Wade, 901.485.1653. 

 

 

 

 

 

 

Home Sales Up from a Year Ago

However, Sales Saw a Decrease from Last Month

Media Releases, Memphis-Area Market, Market Reports

Published Sunday, March 8, 2020by Kira McNeil

MEMPHIS, Tenn., March 6, 2020 – Memphis-area home sales for February increased 3.0 percent from a year ago, with 1,287 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 4.3 percent from January, when there were 1,345 total sales. Average sales price from February-to-February was up 3.4 percent, at $178,283. Inventory decreased 0.8 percent, with 3,333 units listed for sale. Year-to-Date sales volume was up 11.8 percent at $469.2 million.

 Historical home sale statistics are also available for comparison.