OFFICE CLOSURE: The MAAR office will be closed Monday, Feb. 17 for staff training. Normal business hours will resume the following Tuesday.

Pending and Active Listings Down in December

Prices Remained Up

 MLS Sales Reports, Memphis-Area Market

Published Wednesday, January 15, 2020
 

The Multiple Listing Service sales report showed pending sales at 1,057 as of Jan. 15, down 6.5 percent from mid-December. Active listings stood at 3,360, down 8.7 percent from a month earlier.

Other numbers of note:

  • Average sales price for December was $220,292, up 9.3 percent from a year ago.
  • Median sales price for December was $192,500, up 16.7 percent from a year ago.
  • The average market time in December was 51 days, down 10.5 percent from a month earlier.
  • There were 552 sales of units that were on the market 30 days or less.
  • At the upper end of the market there were 61 sales of $500,000 or more, down 1.6 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.