Pending Sales Down; Active Sales Up

Per the June 2019 MLS Report

 Memphis-Area Market, MLS Sales Reports

Published Thursday, July 18, 2019
 

The Multiple Listing Service sales report showed pending sales at 1,312 as of July 15, down 4.0 percent from mid-June. Active listings stood at 4,385, up 3.2 percent from a month earlier.

Other numbers of note:

  • Average sales price for June was $240,404, up 2.5 percent from a year ago.
  • Median sales price for June was $205,000, up 4.6 percent from a year ago.
  • The average market time in June was 43 days, down 10.4 percent from a month earlier.
  • There were 789 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 109 sales of $500,000 or more, up 13.5 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.