MEMPHIS, Tenn., Jan. 31, 2019 – (RealEstateRama) — 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.
|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%|
|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.”
Serving the Mid-South for more than 100 years as the Voice for Local Real Estate, the Memphis Area Association of REALTORS® serves and represents real estate professionals as well as provides real estate information to the general public. About 3,400 members unite to make up one of Tennessee’s largest local REALTOR® organizations with real estate expertise stretching throughout the greater Memphis area. The MAARdata system includes records of all single-property transactions in Shelby, Fayette and Tipton counties. The MLS includes listings in Shelby, Fayette, Tipton, Hardeman, Hardin, McNairy, and Lauderdale counties in Tennessee; DeSoto County in Mississippi; and Crittenden County in Arkansas.