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MLS Report Shows an Increase in Prices

MLS Statistics for August 2019

 Memphis-Area Market, MLS Sales Reports

Published Tuesday, September 17, 2019
 

The Multiple Listing Service sales report showed pending sales at 1,284 as of Sept. 16, up 1.2 percent from mid-August. Active listings stood at 4,213, down 1.9 percent from a month earlier.

Other numbers of note:

  • Average sales price for August was $225,578, up 8.1 percent from a year ago.
  • Median sales price for August was $194,000, up 12.1 percent from a year ago.
  • The average market time in August was 41 days, down 6.8 percent from a month earlier.
  • There were 805 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 84 sales of $500,000 or more, down 9.7 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.