December Market Report


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.


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.”

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.


Tennessee RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Tennessee Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Tennessee.


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