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Stats Show Sales Up from May

MEMPHIS, Tenn., July 6, 2018 – Memphis-area home sales for June decreased 0.2 percent from a year ago, with 1,939 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 2.0 percent from May when there were 1,901 total sales. Average sales price from June-to-June was up 7.5 percent, at $200,193. Inventory increased 4.2 percent, with 4,347 units listed for sale. Year-to-Date sales volume was up 12.3 percent at $1.74 billion.  

 

» SEE THE JUNE MARKET REPORT HERE.

 

June Comparison

2018

2017

% Change
Total Home Sales

1,939

1,943

-0.2%
Median Sales Price

$165,000

$155,00

6.5%
Average Sales Price

$200,193

$186,246

7.5%
Monthly Sales Volume $388.2 million $361.9 million 7.3%

 

 

Year-to-Date Comparison

2018

2017

% Change
Total Home Sales

9,544

9,311

2.5%
Median Sales Price

$145,000

$132,350

9.6%
Average Sales Price

$181,902

$166,185

9.5%
Monthly Sales Volume $1.74 billion $1.55 billion 12.3%
 
Historical home sale statistics are also available for comparison.

“Inventory is begging to climb, which means even more options for buyers,” said MAAR President Lauren Wiuff. “On the sellers’ side, return remains strong.”

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