The Memphis Area Association of REALTORS recently published the November 2015 MLS Report. As of December 17, 2015 the number of Pending Sales was down 8.4% from mid-November. Active listings stood at 5,793, down 4.8% from a month earlier.
Average Sales Price for November was $173,795, up 6.9% from a year ago.
Median Sales Price for November was $141,200, up 13.1% from a year ago.
The average market time was 78 days, up 5.4% from a month earlier
There were 281 sales of units that were on the market 30 days or less.
At the upper end of the market there were 21 sales of $500,000 or more , down 43.2% from a month earlier.