Pending Sales Rise in the MLS

Active Listings Took a Dip

 Memphis-Area Market, MLS Sales Reports

Published Monday, February 22, 2021
 

The Multiple Listing Service sales report showed pending sales at 1,504 as of February 21, up 19.2 percent from mid-January. Active listings stood at 1,976, down 6.1 percent from a month earlier.

Other numbers of note:

  • Average sales price for January was $247,158, up 13.3 percent from a year ago.
  • Median sales price for January was $215,000, up 15.9 percent from a year ago.
  • The average market time in in January was 43 days, up 4.9 percent from a month earlier.
  • There were 522 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 79 sales of $500,000 or more, down 30.7 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.