June Market Report

MEMPHIS, Tenn., July 7, 2017 – Memphis-area home sales for June increased 4.2 percent from a year ago, with 1,887 total sales recorded in the Memphis Area Association of REALTORS®MAARdata property records database. Sales were up 6.1 percent from May when there were 1,779 total sales. Average sales price from June-to-June was up 1.6 percent, at $186,626. Inventory increased 1.7 percent, with 4,777 units listed for sale. Year-to-Date sales volume was up 13.3 percent at $1.53 billion.

» GET THE JUNE MARKET REPORT HERE.

June Comparison

2017 2016 % Change
Total Home Sales 1,887 1,811 4.2%
Median Sales Price $155,000 $151,000 2.6%
Average Sales Price $186,626 $183,663 1.6%
Monthly Sales Volume $352.2 million $332.6 million 5.9%

 

 

Year-to-Date Comparison

2017 2016 % Change
Total Home Sales 9,240 8,488 8.9%
Median Sales Price $132,000 $129,000 2.3%
Average Sales Price $166,090 $159,154 4.4%
Monthly Sales Volume $1.53 billion $1.35 billion 13.3%

Historical home sales statistics are located at maar.org/marketreports.

“Both in sales and pricing, the market is very healthy,” said MAAR President Tommie Criswell. “Halfway through the year, we’re up substantially over 2016.”

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 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.

MEMPHIS, Tenn., July 7, 2017 – Memphis-area home sales for June increased 4.2 percent from a year ago, with 1,887 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 6.1 percent from May when there were 1,779 total sales. Average sales price from June-to-June was up 1.6 percent, at $186,626. Inventory increased 1.7 percent, with 4,777 units listed for sale. Year-to-Date sales volume was up 13.3 percent at $1.53 billion.

» GET THE JUNE MARKET REPORT HERE.

June Comparison
2017
2016
% Change
Total Home Sales
1,887
1,811
4.2%
Median Sales Price
$155,000
$151,000
2.6%
Average Sales Price
$186,626
$183,663
1.6%
Monthly Sales Volume $352.2 million $332.6 million 5.9%

Year-to-Date Comparison
2017
2016
% Change
Total Home Sales
9,240
8,488
8.9%
Median Sales Price
$132,000
$129,000
2.3%
Average Sales Price
$166,090
$159,154
4.4%
Monthly Sales Volume $1.53 billion $1.35 billion 13.3%

Historical home sales statistics are located at maar.org/marketreports.
“Both in sales and pricing, the market is very healthy,” said MAAR President Tommie Criswell. “Halfway through the year, we’re up substantially over 2016.”

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 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.

SHARE
Previous articleOakridge’s Department of Energy East Tennessee Technology Park Recognized for Saving Resources and Taxpayer Money by EPA’s Federal Green Challenge
Next articleJuly Market Report