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Home > November 2015 Market Report

November 2015 Market Report

December 23, 2015 by Fast Track Realty Leave a Comment

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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.

View the entire report.

 

 

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