June Market Report
MEMPHIS, Tenn., July 6, 2018 – Memphis-area home sales for June decreased 0.2
percent from a year ago, with 1,939 total sales recorded in the Memphis Area Association
of REALTORS® MAARdata property records database. Sales were up 2.0 percent from May
when there were 1,901 total sales. Average sales price from June-to-June was up 7.5 percent,
at $200,193. Inventory increased 4.2 percent, with 4,347 units listed for sale. Year-to-Date
sales volume was up 12.3 percent at $1.74 billion.
To view the entire report for June 2018, click here
Serving the Mid-South for more than 100 years as the Voice for Local Real
Estate, the Memphis Area Association of REALTORS® serves and represents real estate
professionals as well as provides real estate information to the general public. About
3,700 members unite to make up one of Tennessee’s largest local REALTOR®
organizations with real estate expertise stretching throughout the greater Memphis area.
The MAARdata system includes records of all single-property transactions in Shelby,
Fayette and Tipton counties. The MLS includes listings in Shelby, Fayette, Tipton,
Hardeman, Hardin, McNairy, and Lauderdale counties in Tennessee; DeSoto County in
Mississippi; and Crittenden County in Arkansas.
MAAR members subscribe to the National Association of REALTORS® Code of
Ethics. For more information, visit MAAR’s Web site at www.maar.org.
Courtesy of the Memphis Area Association of REALTORS®