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Listings Show Positive Trend as Market Begins to Heat Up

MLS Sales Statistics for February 2019

 Memphis-Area Market, MLS Sales Reports

Published Monday, March 18, 2019
 

The Multiple Listing Service sales report showed pending sales at 1,305 as of March 18, up 3.6 percent from mid-February. Active listings stood at 3,806, up 0.5 percent from a month earlier.

Other numbers of note:

  • Average sales price for February was $204,753, up 7.3 percent from a year ago.
  • Median sales price for February was $168,000, up 6.7 percent from a year ago.
  • The average market time in February was 60 days, down 4.8 percent from a month earlier.
  • There were 422 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 43 sales of $500,000 or more, up 34.4 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.