August Memphis Area Home Sales Report

Memphis-area home sales for August declined 24.7 percent from a year ago, with 1,293 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales decreased 11.8 percent from July, when there were 1,466 total sales. Average sales price from August-to-August increased 11 percent to $161,191. Inventory decreased 0.5 percent, with 6,770 units listed for sale. YTD sales volume decreased 1.2 percent to $1.58 billion. Click here to view the full August report.