Pending and Active Sales Down

Per the September MLS Report

 Memphis-Area Market, MLS Sales Reports

Published Wednesday, October 16, 2019
 

The Multiple Listing Service sales report showed pending sales at 1,206 as of Oct. 15, down 6.1 percent from mid-September. Active listings stood at 4,083, down 3.1 percent from a month earlier.

Other numbers of note:

  • Average sales price for September was $211,080, up 0.6 percent from a year ago.
  • Median sales price for September was $179,900, up 2.8 percent from a year ago.
  • The average market time in September was 53 days, up 30 percent from a month earlier.
  • There were 669 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 60 sales of $500,000 or more, down 28.6 percent from a month earlier.   

Prepared for maar.org by Don Wade, 901.485.1653.