December/Year End Market Report

Memphis-area home sales for December increased 20.7 percent from a year ago, with 1,317 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales increased 28.5 percent from November, when there were 1,025 total sales. Average sales price from December-to-December was down 0.8 percent at $141,870. Inventory decreased 4.8 percent, with 6,131 units listed for sale. YTD sales volume increased 1.7 percent to $2.38 billion. Click here to view the full December report.