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The December Market Report Is Available Now

MEMPHIS, Tenn., Jan. 7, 2019 – Memphis-area home sales for December decreased 1.0 percent from a year ago, with 1,433 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. ales were down 5.7 percent from November, when there were 1,519 total sales. Average sales price from December-to-December was down 2.7 percent, at $174,835. Inventory decreased 5.9 percent, with 4,050 units listed for sale. Year-to-Date sales volume for 2018 was up 6.0 percent at $3.54 billion.  

» SEE THE DECEMBER MARKET REPORT HERE.

 

December Comparison

2018

2017

% Change
Total Home Sales

1,433

1,447

-1.0%
Median Sales Price

$138,000

$144,000

-4.2%
Average Sales Price

$174,835

$179,774

-2.7%
Monthly Sales Volume $250.5 million $260.1 million -3.7%

 

 

Year-to-Date Comparison

2018

2017

% Change
Total Home Sales

19,734

19,308

2.2%
Median Sales Price

$148,000

$139,000

6.5%
Average Sales Price

$182,465

$173,219

5.3%
Monthly Sales Volume $3.54 billion $3.34 billion 6.0%
 
Historical home sale statistics are also available for comparison.

“It was a good year for the local market,” said 2018 MAAR President Lauren Wiuff. “Everything was up, across the board.” 

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