Each month, MAAR releases the Memphis Area Home Sales Report for the previous month's publicly recorded sales in Shelby, Fayette and Tipton counties. The report also includes information on pending sales and active listings. According to a news release posted by MAAR, Memphis-area home sales for May declined 17 percent from a year ago, with 1,229 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales decreased 5.2 percent from April, when there were 1,297 total sales. Average sales price year-over-year increased 10.5 percent to $155,282. Inventory increased 4.7 percent, with 6,371 units listed for sale. YTD sales volume increased 1.3 percent to $839.8 million.
For a complete report, click here.
Maria Krahn is an Affiliate Broker with Marx-Bensdorf, REALTORS... Maria has earned the Senior Real Estate Specialist designation as well as the Accredited Buyer Representative designation..
Maria Krahn, ABR, SRES
5860 Ridgeway Center Pkwy Ste 100
Memphis, TN 38120
Firm License #59679
Agent License #328329