February Memphis Area Home Sales Report

Memphis-area home sales for February decreased 5.5 percent from a year ago, with 934 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales declined 9.6 percent from January, when there were 1,033 total sales. Average sales price from February-to-February was up 16.2 percent at $147,557. Inventory increased 2.8 percent, with 5,948 units listed for sale. Monthly sales volume YTD increased 2.3 percent to $288.2 million.
View February market report here.