MEMPHIS, Tenn. – October 15, 2015 – (RealEstateRama) — Memphis-area home sales for September decreased 9.5 percent from a year ago, with 1,424 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 4 percent from August, when there were 1,483 total sales.
Average sales price from September-to-September was down 0.7 percent, at $159,420. Inventory decreased 0.5 percent, with 6,404 units listed for sale. Monthly sales volume YTD increased 7.0 percent to $1.98 billion.
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