September home values are UP in the Memphis Market!
The Memphis Area Association of REALTORS® released the September 2016 market report late last week.
Memphis-area home sales for September increased 11.4 percent from a year ago, with 1,616 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 7 percent from August, when there were 1,738 total sales. Average sales price from September-to-September was up 1.5 percent, at $163,770. Inventory decreased 2.9 percent, with 5,504 units listed for sale. YTD sales volume increased by 11.6 percent, at $2.22 billion.
“The market keeps rolling along,” said MAAR President Joe Steffner. “Very healthy as we move into autumn.”
To view the entire report, CLICK HERE
Courtesy of the Memphis Area Association of REALTORS®