MEMPHIS, Tenn., Jan. 7, 2017 – Memphis-area home sales for December increased 4.6 percent from a year ago, with 1,487 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were flat from November, when there were 1,489 total sales. Average sales price from December-to-December was up 4.1 percent, at $165,630. Inventory decreased 9.9 percent, with 4,715 units listed for sale. YTD sales volume increased by 13.4 percent, at $2.97 billion.
“It was a strong year,” said MAAR President Tommie Criswell, who took office in January. “With sales up 10 percent over 2015, there is momentum as we start 2017.”
For the complete report visit: http://maar.org/assets/1151/sales_stats_for_december_2016.pdf
Courtesy of the Memphis Area Association of REALTORS