February Market Report
MEMPHIS, Tenn., March 6, 2017 – Memphis-area home sales for February increased 5.4 percent from a year ago, with 1,130 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were flat from January, when there were 1,134 total sales. Average sales price from February-to-February was up 6.9 percent, at $147,669. Inventory increased 3.6 percent, with 4,500 units listed for sale. Year to-Date sales volume was up 19.7 percent at $343.1 million.
View the entire report HERE
Courtesy of the Memphis Area Association of REALTORS®