The August MLS Report Has Been Released

Active & Pending Listings Remain Down

 Memphis-Area Market, MLS Sales Reports

Published Thursday, September 17, 2020
 

The Multiple Listing Service sales report showed pending sales at 1,458 as of September 16, down 1.4 percent from mid-August. Active listings stood at 2,863, down 0.5 percent from a month earlier.

Other numbers of note:

  • Average sales price for August was $265,175, up 17.6 percent from a year ago.
  • Median sales price for August was $230,000, up 18.6 percent from a year ago.
  • The average market time in August was 52 days, up 8.3 percent from a month earlier.
  • There were 841 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 124 sales of $500,000 or more, down 2.4 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.