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The June Market Report Released Today

MEMPHIS, Tenn., July 7, 2017 – Memphis-area home sales for June increased 4.2 percent from a year ago, with 1,887 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 6.1 percent from May when there were 1,779 total sales. Average sales price from June-to-June was up 1.6 percent, at $186,626. Inventory increased 1.7 percent, with 4,777 units listed for sale. Year-to-Date sales volume was up 13.3 percent at $1.53 billion.

 

» GET THE JUNE MARKET REPORT HERE.

 

June Comparison

2017

2016

% Change
Total Home Sales

1,887

1,811

4.2%
Median Sales Price

$155,000

$151,000

2.6%
Average Sales Price

$186,626

$183,663

1.6%
Monthly Sales Volume $352.2 million $332.6 million 5.9%

 

 

Year-to-Date Comparison

2017

2016

% Change
Total Home Sales

9,240

8,488

8.9%
Median Sales Price

$132,000

$129,000

2.3%
Average Sales Price

$166,090

$159,154

4.4%
Monthly Sales Volume $1.53 billion $1.35 billion 13.3%
 
Historical home sales statistics are located at maar.org/marketreports.

“Both in sales and pricing, the market is very healthy,” said MAAR President Tommie Criswell. “Halfway through the year, we’re up substantially over 2016.”

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