The Memphis Area Real Estate Market is HOT!
Memphis-area home sales for May increased 7.0 percent from a year ago, with 1,539 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were up 1.9 percent from April, when there were 1,511 total sales. Average sales price from May-to-May was up 0.5 percent, at $161,482. Inventory decreased 1.1 percent, with 5,535 units listed for sale. YTD sales volume increased by 8.1 percent, at $999.5 million.
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