The sales and inventory report for January were released today for the Memphis area. The report compares The numbers for this January with the numbers from January 2018.
Memphis-area home sales for January decreased 2.9 percent from a year ago, with 1,249 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 12.8 percent from December, when there were 1,433 total sales. Average sales price from January-to-January was down 3.0 percent, at $163,515. Inventory decreased 10.4 percent, with 3,630 units listed for sale. Year-to-Date sales volume was down 5.9 percent at $204.2 million.
if you'd like to view individual sales areas like Bartlett, Collierville, East Memphis, Midtown or any other specific area around town feel free to click here to view the full report.