Published Thursday, September 17, 2020by Kira McNeil
The Multiple Listing Service sales report showed pending sales at 1,458 as of September 16, down 1.4 percent from mid-August. Active listings stood at 2,863, down 0.5 percent from a month earlier.
Other numbers of note:
Prepared for maar.org by Don Wade, 901.485.1653.
Sales Volume Up & Prices Continue to Rise
Published Wednesday, September 9, 2020by Kira McNeil
MEMPHIS, Tenn., Sept. 8, 2020 – Memphis-area home sales for August decreased 5.3 percent from a year ago, with 1,825 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 7.9 percent from July, when there were 1,982 total sales. Average sales price from August-to-August was up 13.3 percent, at $221,098. Inventory decreased 2.1 percent, with 2,876 units listed for sale. Year-to-Date sales volume increased 3.2 percent, at $2.59 billion.
"The competitiveness of the market was evident with sales volume up more than seven percent in August, and now more than three percent ahead year-to-date," said Kathryn Garland, MAAR President. "Average sales price has increased almost nine percent year-to-date."