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Stats Show Sales Up from July 2017

MEMPHIS, Tenn., Aug. 4, 2018 – Memphis-area home sales for July increased 1.4 percent from a year ago, with 1,847 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. ales were down 4.7 percent from June when there were 1,939 total sales. Average sales price from July-to-July was up 7.4 percent, at $197,211. Inventory increased 4.6 percent, with 4,548 units listed for sale. Year-to-Date sales volume was up 11.7 percent at $2.10 billion.  

 

» SEE THE JULY MARKET REPORT HERE.

 

July Comparison

2018

2017

% Change
Total Home Sales

1,847

1,822

1.4%
Median Sales Price

$162,500

$151,000

7.6%
Average Sales Price

$197,211

$183,710

7.4%
Monthly Sales Volume $364.2 million $334.7 million 8.8%

 

 

Year-to-Date Comparison

2018

2017

% Change
Total Home Sales

11,400

11,133

2.4%
Median Sales Price

$149,900

$135,000

11.0%
Average Sales Price

$184,578

$169,053

9.2%
Monthly Sales Volume $2.10 billion $1.88 billion 11.7%
 
Historical home sale statistics are also available for comparison.

“All the numbers are up from this time last year,” said MAAR President Lauren Wiuff. “A strong year for the market continues.” 

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