Memphis Area Association of Realtors market report just out;
Memphis-area home sales for January increased 9.7 percent from a year ago, with 1,283 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 10.7 percent from December when there were 1,437 total sales. Average sales price from January-to-January was up 10.5 percent, at $167,442. Inventory decreased 9.4 percent, with 3,796 units listed for sale. Year-to-Date sales volume was up 21.1 percent at $214.8 million.
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