November Memphis Area Home Sales Report

Memphis-area home sales for November declined 12.7 percent from a year ago, with 1,025 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales decreased 25.2 percent from October, when there were 1,371 total sales. Average sales price from November-to-November increased 1.0 percent to $148,726. Inventory decreased 2.1 percent, with 6,443 units listed for sale. YTD sales volume increased 0.9 percent to $2.20 billion. For the full market report, click here. _