MEMPHIS, Tenn., March 6, 2018 – Memphis-area home sales for February decreased
1.1 percent from a year ago, with 1,198 total sales recorded in the Memphis Area
Association of REALTORS® MAARdata property records database. Sales were down 6.6
percent from January when there were 1,283 total sales. Average sales price from Februaryto-February
was up 6.3 percent, at $158,244. Inventory increased 1.5 percent, with 3,854
units listed for sale. Year-to-Date sales volume was up 13.1 percent at $404.6 million.
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Courtesy of the Memphis Area Association of Realtors